Joe Biden entered fall campaign with $141 million cash advantage over Trump

(CNN)Democrat Joe Biden’s campaign and aligned Democratic Party committees entered September and the fall sprint to Election Day with $466 million in cash reserves — giving the former vice president a significant financial advantage over President Donald Trump.

Team Biden’s cash position, released by his campaign Sunday night, puts the Democratic nominee and his party about $141 million ahead of Trump’s political operation. It represents a sharp reversal from the opening months of the general election when Trump enjoyed a formidable financial lead.
The New York Times first reported Biden’s cash stockpile.
Heavy spending by Trump and record-breaking fundraising by Biden and his allies in August as he added California Sen. Kamala Harris to the ticket helped Democrats overtake the President and the Republican National Committee.
Trump and his joint operation with Republicans started September with $325 million in its cash stockpile, Trump campaign spokesman Tim Murtaugh announced on Twitter late last week.
On Monday, Trump sought to dismiss Biden’s fundraising advantage, pointing to his 2016 victory despite being outspent by Democrat Hillary Clinton.
“We have a lot of money,” he said during an interview on”Fox and Friends.” “I mean, how much money do you need?”
The candidates’ filings also show that Biden outspent Trump by more than 2-to-1 in August, $130 million to Trump’s $61 million. The President’s campaign temporarily halted its advertising in key states last month as he struggled to gain traction in the polls.
That month, Biden spent $94.3 million to Trump’s $55.7 million on advertising, according to Kantar’s Campaign Media Analysis Group.
The new filings mark the first time in the campaign that Biden’s political operation has built a larger financial stockpile than that of the President. At the end of March 2020, for instance, Trump and Republicans had a cash advantage over Biden and Democrats that exceeded $170 million.

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