Former President Trump entered October with practically triple as a lot money readily available as any of his Republican rivals, in keeping with his public submitting with the Federal Election Fee.
Why it issues: Trump’s strong marketing campaign battle chest underscores the robust path ahead for GOP rivals vying to puncture his commanding lead.
- Almost 37% of all the cash introduced in by the Republican 2024 candidates who certified for the Septemeber debate went to Trump, in keeping with FEC filings.
Driving the information: Trump additionally maintains a powerful grassroots edge over his GOP rivals, with the vast majority of his fundraising coming from small-dollar donors, these underneath $200.
- Lower than 5% of Trump’s fundraising got here from donors who gave $3,300 to his marketing campaign, the utmost quantity they may give in the course of the major election, in keeping with an NBC Information evaluation of his FEC filings.
Zoom in: Trump, who faces a mountain of authorized woes which are coinciding together with his presidential marketing campaign, spent $9.5 million this quarter, which is way lower than what was spent by lots of his GOP rivals and President Biden
- The Biden marketing campaign aggressively ramped up its marketing campaign spending this quarter, spending $57 million. The Biden marketing campaign spent simply $1.1 million in the course of the earlier quarter.
- The Biden workforce added $14 million to its cash-on-hand in the course of the third quarter and now has a complete of $91 million.
- Each Florida Gov. Ron DeSantis and Sen Tim Scott (R-S.C.) additionally spent aggressively this quarter — $11.1 million and $12.4 million respectively — regardless of bringing in far lower than what the Trump marketing campaign raised.
What we’re watching: Trump’s third-quarter FEC submitting solely reveals a part of his funds — he fundraises via a joint committee, which was not required to report its funds on Sunday.
- The tremendous PACs supporting the candidates’ campaigns is not going to need to publish their subsequent filings till Jan. 31.
- Within the first half of 2023, Trump-related PACs and the Trump-aligned tremendous PAC spent greater than $27 million in authorized charges and associated bills, in keeping with a New York Instances evaluation.
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