WASHINGTON (AP) — Former President Donald Trump’s political operations raised about $130 million within the last months of final yr, however after heavy spending they left with greater than $42 million heading into 2024, the election yr start.
New marketing campaign finance reviews filed Wednesday confirmed that Trump spent about $86 million on the finish of 2023 throughout 4 committees that make up Trump’s political effort, with tens of hundreds of thousands of that diverted to pay authorized charges.
Trump’s most important marketing campaign committee ended the yr with about $33 million. In the meantime, President Joe Biden’s major marketing campaign account reported he would spend $46 million beginning in 2024.
Biden’s political operation reported elevating $97.1 million within the last months of 2024 by the assorted committees it makes use of for fundraising, and closed the yr with $117.four million readily available. dollars off.
This additionally consists of fundraising figures for the Democratic Nationwide Committee, which works with the sitting president. Biden’s marketing campaign mentioned December, which included a star-studded fundraiser, was his strongest fundraising month but.
Regardless of being the Republican front-runner, Trump doesn’t get pleasure from most of the similar fundraising benefits as Biden. For instance, Biden can gather almost $1 million in checks from particular person donors by a joint settlement with the Democratic Nationwide Committee, and far bigger sums by a joint effort with the Democratic Nationwide Committee. That sky-high restrict is not going to be obtainable to Trump except he secures the nomination and enters into the same settlement with the Republican Nationwide Committee, which started 2024 with simply $eight million.