According to records from the US Federal Election Commission, US President Joe Biden's campaign has a budget three times larger than that of former President Donald Trump. However, according to the latest poll by Fox News, Donald Trump leads Joe Biden by 5 percentage points.
Since delivering his State of the Union address on March 7, President Joe Biden has been making weekly appearances in battleground states to campaign. On March 28, President Biden held a fundraiser with former Presidents Barack Obama and Bill Clinton for more than 5,000 supporters in New York City, expected to raise about $25 million.
US President Joe Biden has a budget three times larger than former President Donald Trump's campaign budget, however, Donald Trump leads Joe Biden by 5 percentage points. Photo: CNBC
Meanwhile, Mr. Trump’s campaign has struggled financially, holding only one campaign event since clinching the Republican presidential nomination on March 12. Instead, Mr. Trump has appeared in court to address a series of criminal cases and legal troubles that have complicated his political campaign schedule.
The former president’s personal financial fortunes have also been thrown into disarray after an appeals court reduced the amount he must pay to $175 million to delay enforcement of a $464 million fraud judgment, while the merger of his social media platform with a company that boosted his fortune on paper to just under $5 billion. According to the Financial Times, Donald Trump’s campaign is expected to raise $33 million from a “blockbuster” fundraiser next week in Palm Beach, Florida, on April 6, as he races to close the funding gap with Joe Biden.
Despite the financial advantage, according to Fox News, a poll released on March 27 showed that Mr. Trump won 50% of the support, while incumbent President Biden won 45% in the hypothetical race to the White House. This is also the largest gap that Mr. Trump has won over his Democratic opponent in Fox News' nationwide polls.
Multimillion-dollar fundraising events are emerging as a central battleground in the 2024 race for the White House. Competing campaigns are scrambling to win over big donors in what is expected to be the most expensive race ever.
KHANH MINH
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