Biden expands his fundraising advantage over Trump

President Joe Biden’s reelection marketing campaign expanded its fundraising benefit in February, with plans to unload a barrage of advertisements towards former President Donald Trump.

The Democratic president’s marketing campaign account formally reported taking in $21 million in February, in response to its report filed with the Federal Election Fee late Wednesday, ending the month with $71 million money available.

That left the Biden marketing campaign and the Democratic Nationwide Committee with a mixed $97.5 million money available as of the top of February, greater than double the $44.8 million within the financial institution between Trump’s marketing campaign and the Republican Nationwide Committee. These totals don’t embrace both facet’s joint fundraising committees.

Whereas Biden is operating behind Trump in early basic election polling averages, his widening money lead is a bonus. Trump’s fundraising has lagged this cycle in comparison with 2020, and he has diverted hundreds of thousands of {dollars} to a management PAC that’s serving to cowl his authorized bills. (Biden’s marketing campaign, by comparability, reported spending simply $122,000 on authorized companies.)

That monetary disparity is a key a part of Biden’s technique to swamp Trump in early and intense advert spending, which has already began this spring with a $30 million TV and digital advert purchase. However Biden’s fundraising nonetheless lags behind the prior incumbent throughout the identical interval in 2020.

When touting his personal small-dollar totals at a Dallas fundraiser Wednesday evening, Biden additionally mocked his opponent’s monetary scenario.

“Donald, I am sorry I can not provide help to,” Biden mentioned, in response to a pool report.

Whereas Biden’s marketing campaign spent simply $6.3 million in February, that quantity needs to be a lot bigger in March. For the reason that president’s State of the Union deal with earlier this month, his marketing campaign launched a brand new swing-state advert marketing campaign and spent $1.9 million final week alone on tv and digital promoting, in response to AdImpact.

Biden’s marketing campaign additionally touted $10 million raised within the 24 hours after the State of the Union earlier this month.

Biden’s marketing campaign confirmed some ramp-up in February. Payroll grew barely final month, from a bit shy of $1.2 million in January to greater than $1.6 million in February. However that quantity is anticipated to balloon in March, when the marketing campaign will onboard greater than 300 staffers and construct out its once-skeletal employees in swing states.

Different main expense classes included $1.6 million on media manufacturing and buys, $700,000 on journey and $261,000 on textual content messaging.

The marketing campaign additionally spent almost $2,000 at Capriotti’s Sandwich Store, the Delaware-based chain and longtime Biden favourite that has a location close to his Wilmington marketing campaign headquarters.

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