Latest News by Industry
WASHINGTON (AP) — President Joe Biden's campaign has amassed $155 million in cash on hand for the 2024 election, far exceeding the in-hand total for his Republican opponent, Donald Trump.
Both Biden and Trump clinched their party nominations last week, setting up a 2024 rematch.
Trump's February figures have not been released. By the end of January, his two major committees had just $36.6 million in cash on hand, and those committees collectively spent more than they took in that month. A major driver of those costs was millions of dollars in legal fees from Trump’s myriad court cases. The figures are only a partial snapshot of the Trump operation’s finances because other branches won’t have to disclose their numbers until April.
“While Joe Biden and Democrats continue to put up historic grassroots fundraising numbers, Donald Trump and the RNC are in financial disarray,” said Jaime Harrison, leader of the Democratic National Committee. “Our grassroots supporters know that the stakes of this year could not be higher, and they’re chipping in like our democracy is on the line — because it is.”