The disclosures filed to the Federal Election Commission point to a competitive money race ahead of the November 2024 presidential election.
WASHINGTON, DC, USA – President Joe Biden’s re-election campaign ended last month with about $20 million in the bank, just trailing the $22 million plus reported by leading Republican candidate Donald Trump, according to financial disclosures released on Saturday, July 15.Biden has amassed a smaller war chest to past presidents at this point in recent re-election campaigns. Democrat Barack Obama had $37 million at this point in 2011, while Trump had more over $56 million in June 2019.
Biden’s campaign announced on Friday, July 14, that his re-election effort, when including the Democratic Party’s accounts, had $77 million in the bank. Trump’s campaign, which was launched in November, reported spending about $9 million in the three months through June, more than any other campaign, according to the disclosures wiled to election regulators. The spending included more than $2 million paid to Campaign Inbox LLC, a digital fundraising firm.
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