Donald Trump’s campaign raises just $238 million – $135 million behind Joe Biden – but gambling billionaire Sheldon Adelson gives $75 million bailout to Super PAC for anti-Biden ads
- President Trump’s campaign trailed rival Joe Biden in fundraising for September
- Trump raised $238 million to Biden’s $383 million
- Sheldon Adelson and his wife Miriam Adelson gave $75 million to anti-Biden PAC
- Democrats have been out raising Republicans this year down the ballot
President Donald Trump’s campaign trailed rival Joe Biden in fundraising for September, down more than $100 million in the final stretch of the campaign.
Trump, in his joint fundraising effort with the Republican Party, raised $238 million to Biden’s $383 million.
Biden has $432 million in the bank headed into Election Day compared to Trump’s $251.4 million.
It’s a startling reversal of fortune. When 2020 started, Trump had such a lead in fundraising it seemed nearly impossible for Biden to catch up. But the Democratic presidential candidate focused on online fundraising during the coronavirus pandemic, using the time he couldn’t campaign to fill his coffers.
President Trump’s campaign trailed rival Joe Biden in fundraising for September by more than $100 million dollars
Joe Biden heads into the final stretch of the campaign with more money in the bank than President Trump
The Trump campaign maintained a positive note despite the financial shortfall.
‘President Trump hits final stretch with strength, resources, record & huge ground game needed to spread message and secure re-election,’ Trump communications director Tim Murtaugh wrote on Twitter.
To help boost Trump and defeat Biden, Sheldon Adelson and his wife Miriam Adelson gave $75 million to the Preserve America PAC, a super PAC that flooded battleground states with anti-Biden ads in September.
The donation from the billionaire businessman who supports conservative causes, counted as $9 of out $10 dollars the group raised.
And it came amid some tension with Trump. In a phone call this summer, Trump asked Adelson why he wasn’t doing more to help his re-election bid.
The massive investment comes as Trump trails Biden in the polls, in the RealClearPolitics polling average, Biden leads Trump by 9 points.
A new NBC News/Wall Street Journal poll released Thursday shows 53 per cent of registered voters plan to cast their ballot for Biden to the 42 per cent who say they will vote for Trump – a margin of 11 points just three weeks before the election.
The survey, taken October 9-12 among 1,000 registered voters, shows that 6 in 10 respondents believe the country is worse off than it was four years ago. And more than half, 53 per cent, claim Trump will further divide the country if elected for another term, rather than unite it.
Biden thanked his supporters in a video Thursday after his campaign announced his fundraising haul.
‘To every person who chipped in a few dollars last month — thank you. Because of your support, we raised an astounding $383 million. I’m incredibly humbled,’ Biden tweeted along with a video of him calling a contributor from Harrisburg, Pennsylvania.
Conservative billionaire Sheldon Adelson and his wife Miriam Adelson gave $75 million to anti-Biden PAC
President Trump and Sheldon Adelson – seen on stage together in Florida in December 2019 – have had a tense relationship
Meanwhile, with typical campaigning upended by the coronavirus, both sides are focusing on television ads.
A NPR analysis of data from the ad-tracking firm Advertising Analytics found that Biden and Democratic allies have outspent Trump and supporting groups by $240 million on TV ads in six crucial states.
Democrats have outraised Republicans down the ballot with several Democratic Senate candidate shattering fundraising records.
Jamie Harrison, who is trying to unseat Republican Senator Lindsey Graham of South Carolina, raised $57 million during the final full quarter of the campaign, breaking Senate fundraising records.
Sara Gideon, who’s competing against Republican Senator Susan Collins of Maine, raised $39.4 million in the third quarter.