Apr 21, 2020 - Politics & Policy

Biden reports best fundraising month, but lags Trump

Photos: Spencer Platt/Getty Images

Former Vice President Joe Biden's campaign raised $46.7 million in March, with 70% of funding coming via online donations as coronavirus lockdowns began to take hold, per a Federal Election Commission filing published Monday.

Why it matters: It's the former vice president's best monthly total of the presidential campaign. But he needs to raise much more to catch up to President Trump's campaign. Biden is $187 million behind Trump and the Republican National Committee, per the New York Times.

  • Biden and the "Democratic Party could raise almost $1 million every single day between now and November, and he would still barely catch up to what President Trump and the Republican Party had in the bank at the start of April — let alone what Mr. Trump will have by Election Day," the Times notes.

By the numbers: Trump's SEC filing shows he raised $13.6 million in March, ending the month with $98.5 million cash on hand. But that excludes the $240 million that the Trump/RNC re-election effort reported this month.

Go deeper: Bloomberg spent $1 billion on 104-day presidential campaign

Go deeper

The Athletic lays off 8% of staff, implements company-wide pay cut

Adam Hansmann (left) and Alex Mather (right), co-founders of The Athletic. Photo: Steph Gray, courtesy of The Athletic

The Athletic is laying off nearly 8% of staff, 46 people, according to an internal memo obtained by Axios.

Why it matters: It's the latest media company that's been been forced to take drastic measures to survive the economic fallout from the coronavirus. Like many sports media outlets, The Athletic has been particularly impacted by the loss of live sports.

Unpacking a surprise jobs report

Illustration: Rebecca Zisser/Axios

Can we trust this morning's surprisingly good employment report?

  • The short answer: Yes.

The emergency era of environmental policy

Illustration: Aïda Amer/Axios

Welcome to the crisis era of energy and environmental policymaking.

Driving the news: A new White House executive order, citing COVID-19, invokes emergency powers to accelerate and even waive some environmental reviews of infrastructure and energy projects.