Biden campaign flush with cash as Trump spends on legal fees
Newsy
President Biden had a strong fundraising month in January, while former President Trump spent $3 million in legal fees.
President Joe Biden started the 2024 election cycle with a strong fundraising haul in January, according to new filings with the Federal Election Commission.
Incumbents typically have a fundraising advantage, with the ability to jointly fundraise with the national committee and without the need to spend on costly primaries. This cycle, however, with former President Donald Trump also in the mix and coming off a record-breaking 2020 fundraising haul, there were questions on how big of an advantage would remain.
The Biden campaign ended the month with a nearly $56 million cash reserve in its main campaign committee.
Meanwhile, Trump's main campaign committee has a little more than $30 million in its coffers.
The Biden campaign indicated the haul was “driven by a powerhouse grassroots fundraising program,” pointing to 422,000 unique donors in January, with 97% of all donations since the campaign launched coming in under $200.
