Trump campaign burned through almost half its cash in Sept, about $139.3 mn

Trump’s campaign committee raised $83.1 million in September while spending $139.3 million, the filings showed

President Donald Trump’s campaign burned through almost half of its cash in September, as his re-election effort cut back on advertising in some key battleground states and he lags in the polls behind his much better-funded Democratic adversary, Joe Biden. The latest filing with the Federal Election Commission showed that Trump entered the final 34 days of the presidential election with $63.1 million in the bank, down from $121.1 million at the end of August, when his campaign began to scale back some television spending and even abandoned advertising in the key states of Pennsylvania and Michigan for a period.

Trump’s campaign committee raised $83.1 million in September while spending $139.3 million, the filings showed. The campaign announced Thursday that his broader re-election effort, which includes the Republican National Committee and two joint fundraising committees, raised $247.8 million in September, but much of that money was earmarked for the RNC and state parties.

The September haul further puts Trump at a disadvantage with Biden and the Democratic National Committee, which raised $383 million in the month and say they have $432 million in the bank. The campaign and the DNC raised $748 million in August and September alone, about $290 million more than Trump over the same period. Biden’s campaign is to report its financial information to the FEC Tuesday. Trump is being forced to play catch-up in fundraising at the same time he remains consistently behind Biden in national surveys…Read Full Story

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