Financial advantage

Biden’s political operation has expanded its financial advantage over Trump’s campaign

From Fredreka Schouten, David Wright and Alex Leeds Matthews

President Joe Biden’s political operation has expanded its financial advantage over former President Donald Trump’s campaign as the two men hurtle toward an expected general election confrontation, recent filings show.

Biden’s campaign entered February with nearly $56 million cash reserves in his main campaign committee compared to a little more than $30 million in the coffers of Trump’s equivalent account. That’s an increase from the $46 million the president had stockpiled at the end of last year, while Trump’s cash position shrank from the $33 million his campaign had reported at the close of 2023.

Biden’s early money lead could prove consequential in what’s expected to be a close and bruising campaign with both candidates unpopular with the broader electorate.

Haley, who is vowing to remain in the race to Super Tuesday, started February with just shy of $13 million in cash reserves after spending more than she raised in January, new filings show.