The Biden campaign raised $42 million in January and began February with $130 million in cash on hand, the campaign announced Tuesday.
Reportedly has $130 million in cash on hand represents This is a “record total” for Democratic presidential candidates at this point in the election cycle.
- The campaign said 97% of donations were less than $200, making January the best grassroots fundraiser since April.
- The campaign received contributions from a total of 1.1 million donors.
Meanwhile, the Trump campaign has not announced the total amount raised in January. As of January, it had $33 million in cash on hand.
Biden campaign manager Julie Chavez Rodriguez said, “While Team Biden-Harris continues to ramp up its fundraising machine, the Republicans are either spending money to fight Donald Trump or trying to support Donald Trump’s extremes.” Opinions are divided over whether to spend money to support policies that will lose the election.”
Although the Biden campaign got off to a slow start, it appears to have far more resources than the Trump campaign, which is under heavy financial burden from lawsuits filed against the former president.
On Friday, New York Judge Arthur Engoron ruled that Trump must pay nearly $500 million in civil lawsuits. He must pay the money as bail before appealing the sentence.
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Democrats are effectively bankrupting President Trump as they seek to oust President Joe Biden, who claims he was not involved in the lawsuits or charges against Trump, but multiple prosecutors have filed three charges before filing the charges. reportedly met with Biden administration officials.
Lawsuit impacts Trump’s 2024 candidacy even if it is reversed on appeal, ABC News report:
Trump’s donors are paying for most of his campaign expenses, with his political committee spending more than $50 million on his 2023 campaign, but the lawsuit alleges wealth and fame. This poses a more troubling challenge for Mr. Trump, who has built a Courts have allowed defendants multiple mechanisms to collect damages, including liens and wage garnishments, but fines cannot be waived by traditional protections like bankruptcy.
Legal experts interviewed by ABC News said President Trump is unlikely to pay the fine right away and may instead use a bond secured by his assets to delay payment until he exhausts his appeal options. He suggested that he would choose.
Trump said his company had more than $400 million in cash when he was ousted in a New York civil fraud case last year.
Mr. Trump’s real estate company has been widely successful and holds many large assets.
Wendell Husebo is a political reporter for Breitbart News and a former Republican war room analyst.he is the author of politics of slave morality.Follow Wendell “X” @WendellHusebø or society of truth @WendellHusebo.
