The president’s campaign and affiliated groups, including the D.N.C., hold a significant cash-on-hand advantage over Donald J. Trump and Republicans, as Mr. Trump continues to spend on legal bills.
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President Biden, the Democratic Party and their shared accounts now have $155 million cash on hand, his campaign said.
President Biden’s re-election campaign said on Sunday that it had raised more than $53 million in February together with the Democratic Party, an influx of cash that is expected to widen the Democrats’ cash advantage in a general-election contest against former President Donald J. Trump.
Mr. Biden, the Democratic Party and their shared accounts now have $155 million cash on hand — up from $130 million at the end of January, his campaign said. The campaign credited strong support from small-dollar donors for its February fund-raising.
So far in the race, Mr. Biden and the Democrats have built a substantial fund-raising advantage over Mr. Trump and the Republican National Committee, which reported around $40 million in cash on hand between them at the end of January. The Trump campaign has not released its February fund-raising figures but has said it also had its strongest month among small donors — topping the $22.3 million raised last August. Mr. Trump and the R.N.C. formed a formal joint fund-raising account only last week.
“The fact that we have $155 million in cash on hand — which is 100 percent going to building out the campaign and focused on the six or seven states that are going to determine the outcome of this election — is just a huge competitive advantage,” Jeffrey Katzenberg, a co-chair of the Biden campaign, said in an interview.
Mr. Trump has been schmoozing with donors at Mar-a-Lago, his private club and residence in Palm Beach, Fla., trying to lessen the financial disparity he faces against Mr. Biden. The former president is also confronting the financial pressure of his legal bills, which are being paid by one of his political action committees.
Both campaigns must disclose details of their finances on March 20, with a more complete picture due on April 15.
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Source: nytimes.com
