Democratic presidential nominee Joe Biden looks formidable in his battle for the White House against President Donald Trump. Donald Trump, who is running for his re-election and Republican National Committee, has collectively raised $210 million in August, which is far less than the amount raised by former vice president Joe Biden and the Democratic National Committee (DNC) during the same period. With the arrival of Kamala Harris as his running mate, Biden and DNC have announced that they raised a record-breaking haul of $365 million that even President Trump failed to achieve. Although Biden’s campaign didn’t disclose the cash-at-hand totals, it is expected that Biden might have closed the gap between the cash advantage Trump had over the past few months.
The Trump campaign spent hundreds of millions of dollars raised from the supporters from 2017, which led to a decrease in cash-on-hand advantage. The reduction in cash advantage didn’t go well with the Republican supporters. “As one of the donors, I’m pretty shocked to know that cash on hand advantage over the Democrats has evaporated. It’s not something I expected,” said Dan Eberhart. Additionally, Biden has a good lead of 7 to 8 percentage points over Donald Trump in the national polls held after the national conventions last month. Ken Spain, a Republican consultant and a former spokesman for the National Republican Congressional Committee, said - “Fundraising numbers of the candidates are often a lagging indicator of the voters’ mood and these numbers also reflect the momentum boost received by Biden in August.” Both Trump and Biden cleaned up the past fundraising records. Biden broke Barack Obama’s $193 million record of September 2008, and Trump broke his own record set in July for $165 million.
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