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Biden has big cash advantage over Trump in race's final stretch

Published 10/20/2020, 09:16 PM
Updated 10/21/2020, 01:10 AM
© Reuters. FILE PHOTO: FILE PHOTO: U.S. President Donald Trump and Democratic presidential nominee Joe Biden participate in their first 2020 presidential campaign debate in Cleveland

By Jason Lange and Grant Smith

WASHINGTON/NEW YORK (Reuters) - U.S. Democratic presidential candidate Joe Biden's campaign entered the final stretch of the race with a large cash advantage over President Donald Trump, disclosures filed with the Federal Election Commission showed on Tuesday.

The former vice president's campaign outraised and outspent Trump's re-election effort in September, with Biden's political ads now much more prevalent on American television.

Biden's upper hand in the money race is no guarantee of victory. Trump triumphed in the 2016 election despite being outspent by Democratic candidate Hillary Clinton.

Reuters/Ipsos polling shows that in the battleground states likely to decide the winner of the Nov. 3 election, the race is closer than in national polls, which put Biden well ahead of the president.

At the end of September, Biden's campaign had about $177 million in cash, nearly triple the $63 million held by the Trump campaign.

Biden's campaign took in $281 million during the month, more than three times as much as the $81 million Trump's campaign raised, the disclosures show.

It spent more than double what Trump's campaign did.

The Trump campaign spent less than $56 million on television and radio advertising in September, compared with nearly $148 million by Biden, according to Advertising Analytics LLC, a market research company.

© Reuters. U.S. President Donald Trump holds a campaign rally at Erie International Airport

This month, Biden's campaign said that together with the Democratic Party, it had $432 million in the bank. Trump and his Republican Party had $251 million in the bank, his campaign said.

Latest comments

why would you donate money to a man who is holed up in his basement and the parties ticket hasn't had a press conference in the last 60 days to the election? 🤔🤫🤭
85% of Bidens money has come from individual donations of $1,000 or less, while Trump is dependent on his billionaire buddies who have donated about 75% of his total donations to date.
What really? Biden geta his money from the corrupt chinese government Billions btw
Theres more rich money backing Biden?
maybe he is spending it to you know....compaign with. why would he need much more then he has. only a couple weeks left. 4 more years!
Two things... criminal corruption and socialism..nice job dems. That doesn't cut it.
I'm glad our president has some cash to end his campaign in strong fashion.
It seems Donnie has ticked off supporters.. allowance cut off.. sometimes it takes time for some folks to figure out when the madness must stop.
Vice president working for china... that is normal
that is where biden gets cash
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