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

PoliticsOct 21, 2020 01:10AM ET
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2/2 © 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 2/2

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.

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.

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

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Comments (7)
Jim Robertson
Jim Robertson Oct 22, 2020 8:58AM ET
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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? 🤔🤫🤭
Me comment
Me comment Oct 21, 2020 10:36AM ET
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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.
Ron Humphrey
Ron Humphrey Oct 21, 2020 10:36AM ET
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What really? Biden geta his money from the corrupt chinese government Billions btw
Bao Pham
Bao Pham Oct 21, 2020 2:48AM ET
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Theres more rich money backing Biden?
Matt Brackley
Matt Brackley Oct 20, 2020 10:27PM ET
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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!
Randall Wagner
Randall Wagner Oct 20, 2020 9:41PM ET
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Two things... criminal corruption and socialism..nice job dems. That doesn't cut it.
spirit trader
spirit trader Oct 20, 2020 9:33PM ET
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I'm glad our president has some cash to end his campaign in strong fashion.
Jeremy Sklenar
Jeremy Sklenar Oct 20, 2020 9:29PM ET
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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.
Guy Katz
Guy Katz Oct 20, 2020 9:29PM ET
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Vice president working for china... that is normal
Keyur Desai
Keyur Desai Oct 20, 2020 9:29PM ET
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that is where biden gets cash
 
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