President Donald Trump’s re-election campaign just got some devastating news.
According to Politico, Democratic White House hopeful Joe Biden has enjoyed “a massive fundraising surge” in recent weeks that is giving him the upper hand when it comes to cash “for the first time this election” season.
“Biden is entering the final stretch of the general election with $141 million more in the bank than Trump,” Politico reports, “a stunning reversal of fortunes from last spring, when Trump held a hefty financial edge as the nearly broke Biden emerged from the Democratic nominating contest.”
A record-setting month
Indeed, Trump has long bested Biden when it comes to pulling in money for his campaign, and Trump by and large had a pretty good August. At the end of the month, he and the Republican National Committee (RNC) were “sitting on $325 million in the bank,” Politico reported.
But the tide seems to be turning. Biden, for his part, now has a war chest worth a cool $466 million “after raising a record-shattering $365 million last month,” according to Politico.
The former vice president touted the number in a recent message to supporters, as CBS News reported.
“In August, together, we raised $364.5 million. That figure blows me away,” Biden reportedly said. “And we raised it the right way, from people across the country stepping up to own a piece of this campaign, investing in the future we want to see for our kids and grandkids.”
Back on the road
Biden is also said to be outspending Trump when it comes to advertising.
[I]n August, Biden also outspent Trump more than 2 to 1, $130 million to $61 million — a disparity felt most acutely on TV, when the Trump campaign went dark in several key states.
All in all, it spells bad news for the president as he seeks re-election this fall. But the president isn’t going down without a fight.
Trump was back on the road Monday with an appearance in Toledo, Ohio that he surely hopes will rally supporters in these critical weeks ahead of Nov. 3.
— Donald J. Trump (@realDonaldTrump) September 21, 2020