May 11, 2024 - Politics & Policy
Biden's early fundraising edge over Trump
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While Donald Trump is on trial in New York and his team is restructuring the Republican National Committee, President Biden's team is aggressively campaigning and advertising — a reflection of Biden's early fundraising advantage.
Why it matters: Democrats have long had an edge in fundraising. But Trump super PACs and outside groups are helping to even the playing field — even as the ex-president's legal fees eat into his funds.
- At the end of March, Biden's campaign and the Democratic National Committee had nearly double the cash on hand that Trump and the RNC had.
- Even when adding in Trump's main super PAC — MAGA Inc. — the Biden campaign and the DNC still had more cash.
Zoom out: But overall, outside groups supporting Trump are helping him close the gap. They've raised nearly $192 million this cycle as of the last filing in April, according to the 10 groups tracked by OpenSecrets.
- Seven similar groups backing Biden raised less than $87 million over the same period.
- The numbers don't include every outside group, action fund or victory fund that may bolster either candidate.
