Feb 20, 2024 -
Politics & Policy
Biden's colossal cash advantage
Hans Nichols,
Alex Thompson
President Biden's re-election team now has $130 million in the bank, while the Republican National Committee has little cash and Donald Trump's team is spending tens of millions on legal bills.
Why it matters: Despite Democratic angst over the president's poor polling, the Biden campaign announced Tuesday morning that it raised $42 million in January — adding to his vast fundraising advantage over Trump and the RNC.
The RNC started the year with over $8 million in cash on hand and Trump's campaign had $33 million on hand. Neither has released their fundraising totals for January.
Biden, the DNC, and other affiliated committees continued to rake in contributions while his Republican rivals still attack each other — and Trump's legal challenges show no signs of going away.
State of play: Nikki Haley raised $16.5 million in January, including $11.7 million from grassroots supporters, according to her campaign.
Trump's political fundraising apparatus spent more than $50 million on legal costs last year.
Trump hasn't wrapped up his party's nomination. But he is already plotting to kick out RNC leadership and install his own people — including top campaign aide Chris LaCivita, who'll also retain his campaign hat.
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https://www.axios.com/2024/02/20/bidens-colossal-cash-advantage
