Biden Enters Last Stretch With $114 Million Cash Edge Over Trump

The filings show that Biden’s campaign raised $281.6 million in September while spending $285 million,

The filings show that Biden’s campaign raised $281.6 million in September while spending $285 million, more than twice as much Trump.

Photographer: Roberto Schmidt/AFP via Getty Images

Joe Biden’s campaign entered October with a war chest that was almost three times larger than President Donald Trump’s, solidifying the Democratic nominee’s advantage in the final weeks of the campaign.

The campaigns’ latest filings with the Federal Election Commission show that Biden had $177.3 million in the bank at the end of last month. By contrast, despite cutting expenses by pulling back on planned advertising buys starting in late August, Trump burned through almost half his cash in September, ending the month with $63.1 million.

After enjoying a financial edge for much of the race, Trump is being forced to play catch-up in fundraising at the same time he remains consistently behind Biden in national surveys. The president is now down 8.6 percentage points down in the RealClearPolitics polling average and behind, but by narrower margins, in key battleground states just two weeks before Election Day, Nov. 3.

The filings show that Biden’s campaign raised $281.6 million in September while spending $285 million, more than twice as much Trump.

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

Earlier: Trump Campaign Burned Through Almost Half Its Cash in September

Trump’s broader re-election effort, which includes the Republican National Committee and two joint fundraising committees, raised $247.8 million in September. Biden and the Democratic National Committee raised $383 million in the month and say they have $432 million in the bank compared to $251.6 million for Trump’s re-election committees.

Biden and the Democratic National Committee raised $748 million in August and September alone, about $290 million more than Trump over the same period. The Democratic nominee’s campaign said Friday that it’s on track to raise another $234 million before Election Day. If the estimate holds true, Biden and the DNC would have raised more than $982 million in the final three months before the Nov. 3 election, surpassing the $942 million that President Barack Obama took in for his 2008 campaign.

It’s a huge turnaround for Biden and the DNC. In April, they had just $98 million in the bank compared to $255 million for Trump’s re-election effort.

The extra money has allowed Biden to dominate the airwaves in the final weeks of the race. Under Federal Communications Commission rules, candidates get the lowest available rate for television ads within 60 days of an election. Biden’s campaign has booked $162 million in television ad time from Oct. 1 through the election, according to Advertising Analytics, while Trump has booked $79 million.

Read More: Trump Attempts a Positive Spin on Fundraising Deficit to Biden

Small-dollar donors, those giving less than $200, provided 26% of the $68.4 million donated directly to the Trump campaign, though the president also raises money from them through the Trump Make America Great Again Committee.

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