President Trump entered October with $63.1 million in his campaign account to spend on his reelection bid, a sum dwarfed by Democratic nominee Joe Biden’s $177.3 million.
Trump’s cash position was not much compared to Biden when comparing both candidates’ available resources across coordinating party committees. For instance, combined with the joint fundraising operations the Trump campaign set up in conjunction with the Republican National Committee, the president began the final month of the campaign with $251.4 million in cash on hand. Biden’s joint committees with the Democratic National Committee reported a staggering $432 million.
“The Trump campaign has all the resources we need going into the homestretch of this election,” Trump campaign spokeswoman Samantha Zager told the New York Times, which reported details of the president’s September filings with the Federal Election Commission.
Biden and his network of party fundraising committees raised $383 million alone in September, pushing his first quarter past $887 million. Trump and his allied party committees collected $247.8 million last month, bringing his total accumulated for in July, August, and September to more than $623 million.
The president’s depleted war chest has caused his campaign to cancel television advertising reservations in key battleground states down the stretch of the campaign. The RNC is making up some of the difference versus Biden with a coordinated ad buy worth $55 million.
