Former President Donald J. Trump’s presidential campaign committee is making strategic moves to close the fund-raising gap with President Biden as they gear up for the next election cycle. According to federal filings, Trump’s campaign ended March with $45 million on hand, a significant increase from previous months.
Despite spending much less in March compared to earlier in the year, Trump’s campaign is focused on building a strong campaign war chest for the general election. In contrast, Biden’s campaign had $85.5 million on hand at the end of March, showing a significant increase from the previous month.
Both candidates have been actively raising funds through joint fund-raising agreements with their respective parties, pulling in millions of dollars from individual donors. Trump recently reported a massive haul of over $50.5 million from a fund-raising event in Palm Beach, Fla., while Biden raised $26 million at an event in New York.
The filing also revealed that Trump’s campaign spending has slowed since the beginning of the year, with a significant portion going towards legal expenses. On the other hand, Biden’s campaign has been investing heavily in media buys and production, as well as text message outreach.
As the race between Trump and Biden heats up, the focus is shifting to key swing states and the role of independent candidates like Robert F. Kennedy Jr. Kennedy’s campaign has seen a boost in funding, with significant contributions from Silicon Valley lawyer and investor Nicole Shanahan, who is also his running mate.
With national polls indicating a tight race between Trump and Biden, the upcoming election promises to be a closely contested battle with both candidates vying for crucial support and resources to secure victory.
