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President Biden’s marketing campaign entered March with $71 million money available, growing his fundraising benefit — which is over twice what former president Donald Trump has.
The Trump marketing campaign had over $33.5 million money available to start out the month, including solely about $3.5 million to its coffers because the marketing campaign was pressured to spend giant sums on promoting, journey and marketing campaign occasions to fend off Nikki Haley going into the March 5 Tremendous Tuesday contests.
Trump’s authorized payments proceed to mount as nicely, along with his marketing campaign and the tremendous PACs supporting him spending over $10 million in 2024 alone on authorized charges.
Save America PAC, the political motion committee paying for many of Trump’s authorized defenses, spent over $5.5 million in February alone on authorized payments, and to date this 12 months, it has spent greater than $8.5 million. The group carried about one other $500,000 of debt owed to attorneys for Trump into March.
Trump’s marketing campaign additionally spent over $1.7 million on authorized charges within the first two months of the 12 months.
Final 12 months, Save America PAC and Make America Nice Once more PAC, the 2 political motion committees paying for Trump’s authorized defenses, spent practically $50 million on authorized payments.
Marketing campaign finance studies from Mr. Biden’s marketing campaign confirmed it raised $21.3 million in February and spent round $6.3 million. The Democratic Nationwide Committee raised $16.6 million in February — $6 million greater than the Republican Nationwide Committee for the month.
Mr. Biden’s marketing campaign says that together with the Democratic Nationwide Committee and affiliated joint fundraising committees, they entered March with a complete of $155 million of their warfare chest. CBS Information has not but verified the entire as a result of the joint fundraising committees file on a quarterly foundation.
Over $2.5 million of the Biden committee’s marketing campaign funds went to “DNC Journey Escrow” – a particular escrow account that collects journey prices that will likely be despatched to reimburse the U.S. Treasury for journeys or parts of journeys taken on authorities planes, helicopters and vehicles, in response to the Related Press.
When Mr. Biden travels on Marine One helicopters, it prices $16,700 to $20,000 per hour, the AP famous, citing Pentagon figures. And Air Drive One journey runs about $200,000 per hour to fly. This value doesn’t keep in mind army cargo planes that fly his armored vehicles and different automobiles, in response to the AP.
The dates of the funds to the escrow account align with Mr. Biden’s journeys to Nevada, Florida and New York for marketing campaign occasions or fundraisers.
Media buys and payroll took up the remainder of the Biden marketing campaign’s spending expenditures: $1.6 million was spent on media buys or manufacturing, whereas 141 staffers had been listed as receiving payroll funds. His marketing campaign says it is wanting so as to add 100 area staffers to the marketing campaign in March, in addition to a $30-million advert purchase over six weeks.
In distinction, the Trump marketing campaign, the Republican Nationwide Committee and the political motion committees supporting Trump had simply over $74 million money available to start out the month.
MAGA Inc., the first tremendous PAC supporting Trump, began March with over $25.5 million money available after bringing over $12.7 million from rich donors in February.
However the RNC continues to lag behind its Democratic counterpart amid the group’s mass layoffs and new management, netting solely an extra $2.6 million final month after expenditures. The group lastly surpassed eight digits of their money available, ending the month with over $11.3 million {dollars}.
Mr. Biden and his marketing campaign have been taunting Trump’s marketing campaign finance shortfalls, as they tout their head begin in build up employees and journey.
“Simply the opposite day, a man got here to me and stated, Mr. President, I would like your assist. I am being crushed with debt; I am fully worn out. I needed to say, ‘Donald, I can not assist you to,'” Mr. Biden joked at a Dallas fundraiser on Wednesday.
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