July 16, 2020

Joe Biden has nearly closed the once-yawning cash gap between him and President Donald Trump, with big donors flooding his campaign and the Democratic National Committee with money in recent months.

Trump and the Republican National Committee have spent years building a formidable war chest, starting soon after he was elected and continuing as Democrats burned money in their own primary in 2019 and early 2020. The Trump campaign and its affiliated groups closed out June with $295 million in the bank. But Biden and the DNC, which outraised Trump and the RNC for two consecutive months, has rapidly cut down that advantage to just $53 million, according to Biden’s campaign manager, Jen O’Malley Dillon.

O’Malley Dillon tweeted on Thursday that the campaign and its affiliates have $242 million in cash on hand, “making a $100 million dent” into Trump’s cash advantage just in the past three months.

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https://www.politico.com/news/2020/07/16/biden-cash-gap-trump-366773