Biden outraises Trump $383M to $248M in September

WASHINGTON — President Donald Trump was outraised by former Vice President Joe Biden in September and is being outgunned financially by his rival with just weeks to go until Election Day.

Trump’s campaign, along with the Republican National Committee and associated groups, raised $247.8 million in September, well short of the $ 383 million raised by Biden and the Democratic National Committee in the same period. Trump campaign communications director Tim Murtaugh tweeted that the Trump effort had $251.4 million on hand at the end of September, compared with $432 million for Biden.

Trump’s financial disadvantage was once unthinkable — incumbent presidents traditionally vastly outraise their rivals. The president’s campaign was betting on a well-stocked bank account to blanket airwaves and online with Trump ads. But last week he was outspent on advertising by Biden by more than $10 million, according to the ad tracking firm Kantar/CMAG.

“President Trump hits final stretch with strength, resources, record & huge ground game needed to spread message and secure re-election,” Murtaugh tweeted.

Biden’s fundraising benefited from a boost in donor enthusiasm following the death of Supreme Court Justice Ruth Bader Ginsburg.

Casino mogul Sheldon Adelson and his wife, Miriam Adelson, became the biggest contributors to Trump’s reelection effort, with $ 75 million in donations to a super-PAC that is spending heavily on television ads supporting the president, according to filings with the Federal Election Commission.

For the Adelsons, who were among the top donors to Trump in 2016, the donation to Preserve America PAC is the most they’ve given to a single super-PAC in an election cycle, with each donating in $12.5 million increments.

They’ve also given $50 million this cycle to the Senate Leadership Fund, a super-PAC with ties to Majority Leader Mitch McConnell that supports GOP Senate candidates.

Preserve America PAC, led by Chris LaCivita, the Republican strategist who orchestrated the Swift Boat Veterans for Truth ads against John Kerry in 2004, has booked $ 67.1 million worth of ads since launching, according to Advertising Analytics.

The group has made seven-figure buys in 19 markets, all in battleground states, including Arizona, Florida, Georgia, Iowa, North Carolina, Pennsylvania and Wisconsin.

Other donors included Home Depot co- founder Bernard Marcus, who gave $5 million, investment banker Warren Stephens, who gave $2 million, and Wisconsin billionaire Diane Hendricks, who gave $1 million.