Trump faces major financial disadvantage against Biden as legal bills eat into allies' cash: Filings [View all]
Source: ABC News
March 21, 2024, 9:39 PM
Former President Donald Trump and the Republican National Committee are, right now, facing a serious financial disadvantage in the early stages of the general election fight against President Joe Biden and his $100 million war chest, new filings show.
But with Trump becoming his party's 2024 presumptive presidential nominee earlier this month, he and the RNC are full steam ahead to make up for their fundraising lag -- launching a joint operation and planning a high-dollar event with GOP megadonors.
February financial filings for the Biden and Trump campaigns and respective Democratic and Republican parties, released on Wednesday, illustrate how much more money Biden has raised and currently has on hand compared to Trump, funds that can be used toward advertising, staffing and organizing.
Financial filings also detail the extent to which Trump's legal bills have eaten into the cash flow of some of his allied political groups. He faces 88 criminal charges and multiple civil issues -- including the threat of seizure of his assets related to a $464 million judgment in a New York civil fraud case.
Read more: https://abcnews.go.com/Politics/trump-faces-major-financial-disadvantage-biden-legal-bills/story?id=108346336
= new reply since forum marked as read
