Republican presidential candidate former President Donald Trump speaks after assembly with members of the Worldwide Brotherhood of Teamsters at their headquarters in Washington, Wednesday, Jan. 31, 2024. (AP Picture/Andrew Harnik)
WASHINGTON (AP) — Former President Donald Trump’s political operations raised about $130 million within the closing months of final 12 months, however after heavy spending they left with greater than $42 million heading into 2024, the election 12 months 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 tens of millions of that diverted to pay authorized charges.
Trump’s essential marketing campaign committee ended the 12 months with about $33 million. In the meantime, President Joe Biden’s main marketing campaign account reported he would spend $46 million beginning in 2024.
Biden’s political operation reported elevating $97.1 million within the closing months of 2024 via the assorted committees it makes use of for fundraising, and closed the 12 months with $117.four million available. off.
This additionally contains 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 identical fundraising benefits as Biden. For instance, Biden can gather practically $1 million in checks from particular person donors via a joint settlement with the Democratic Nationwide Committee, and far bigger sums via a joint effort with the Democratic Nationwide Committee. That sky-high restrict won’t be out there to Trump except he secures the nomination and enters into an analogous settlement with the Republican Nationwide Committee, which started 2024 with simply $eight million.