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 Republican front-runner Donald Trump, according to financial disclosures released on Saturday
WASHINGTON — 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 Republican front-runner Donald Trump, according to financial disclosures released on Saturday.
Biden, a Democrat, has amassed a smaller war chest than past presidents at this point in recent re-election campaigns. Democrat Barack Obama had $37 million at this point in 2011, while Trump had over $56 million in June 2019. Biden's campaign announced on Friday 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 filed to election regulators. The spending included more than $2 million paid to Campaign Inbox LLC, a digital fundraising firm.
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