President Joe Biden’s political operation has expanded its financial advantage over former President Donald Trump’s campaign as the two men hurtle toward an expected general election confrontation, new filings show.
Biden’s campaign entered February with nearly $56 million cash reserves in his main campaign committee compared to a little more than $30 million in the coffers of Trump’s equivalent account.
And the president, who spent part of Tuesday on a fundraising swing in California, continues to rake in contributions as Trump grapples with ever-growing legal problems that are siphoning away donors’ money and still contends with the refusal of his remaining rival, South Carolina Gov. Nikki Haley, to end her long-shot bid for the GOP nomination.
Haley, who is vowing to remain in the race to Super Tuesday, started February with just shy of $13 million in cash reserves after spending more than she raised in January, new filings show.
Here are key takeaways from Tuesday’s campaign filings:
Incumbent presidents typically hold a fundraising advantage, and Biden’s political operation ended January in a strong financial position. It announced this week that it started February with $130 million cash on hand across all its aligned committees.
(Tuesday’s filings cover only a portion of each presidential candidate’s political operation. The campaigns and national parties report fundraising totals on a monthly basis, but filings from joint fundraising committees – detailing their fundraising cash reserves – are not due until later this year.)
The total Biden touts raising across his fundraising committees still trails what Trump and the Republican National Committee had built up by this point in 2020 – when he and his aligned committees…
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