President Trump’s campaign faces a significant cash deficit against Democratic nominee Joe Biden less than two weeks out from Election Day, a stunning reversal of fortunes for a campaign that was once awash in cash.
Biden’s campaign came into October with more than $177 million in the bank, while the Trump campaign entered the final month with only $63.1 million. That’s a massive turn of events for the Trump campaign, which has raised and spent more than $1 billion this cycle. Trump started the year with more than $100 million in the bank, compared to less than $10 million for Biden.
The president’s grassroots fundraising and cash position once looked insurmountable, but now the Democratic Congressional Campaign Committee will enter the final stretch with more cash on hand than the incumbent president’s campaign. Continue reading.