Current:Home > InvestTrump's campaign, fundraising arms spent over $10 million on legal fees in 2024, as Biden spends on ads, new staff -FinTechWorld
Trump's campaign, fundraising arms spent over $10 million on legal fees in 2024, as Biden spends on ads, new staff
View
Date:2025-04-15 09:57:30
President Biden's campaign entered March with $71 million cash on hand, increasing his fundraising advantage — which is over twice what former president Donald Trump has.
The Trump campaign had over $33.5 million cash on hand to start the month, adding only about $3.5 million to its coffers as the campaign was forced to spend large sums on advertising, travel and campaign events to fend off Nikki Haley going into the March 5 Super Tuesday contests.
Trump's legal bills continue to mount as well, with his campaign and the super PACs supporting him spending over $10 million in 2024 alone on legal fees.
Save America PAC, the political action committee paying for most of Trump's legal defenses, spent over $5.5 million in February alone on legal bills, and so far this year, it has spent more than $8.5 million. The group carried about another $500,000 of debt owed to attorneys for Trump into March.
Trump's campaign also spent over $1.7 million on legal fees in the first two months of the year.
Last year, Save America PAC and Make America Great Again PAC, the two political action committees paying for Trump's legal defenses, spent nearly $50 million on legal bills.
Campaign finance reports from Mr. Biden's campaign showed it raised $21.3 million in February and spent around $6.3 million. The Democratic National Committee raised $16.6 million in February — $6 million more than the Republican National Committee for the month.
Mr. Biden's campaign says that in combination with the Democratic National Committee and affiliated joint fundraising committees, they entered March with a total of $155 million in their war chest. CBS News has not yet verified the total because the joint fundraising committees file on a quarterly basis.
Over $2.5 million of the Biden committee's campaign funds went to "DNC Travel Escrow" – a special escrow account that collects travel costs that will be sent to reimburse the U.S. Treasury for trips or portions of trips taken on government planes, helicopters and cars, according to the Associated Press.
When Mr. Biden travels on Marine One helicopters, it costs $16,700 to $20,000 per hour, the AP noted, citing Pentagon figures. And Air Force One travel runs about $200,000 per hour to fly. This cost does not take into account military cargo planes that fly his armored cars and other vehicles, according to the AP.
The dates of the payments to the escrow account align with Mr. Biden's trips to Nevada, Florida and New York for campaign events or fundraisers.
Media buys and payroll took up the rest of the Biden campaign's spending expenditures: $1.6 million was spent on media buys or production, while 141 staffers were listed as receiving payroll payments. His campaign says it's looking to add 100 field staffers to the campaign in March, as well as a $30-million ad buy over six weeks.
In contrast, the Trump campaign, the Republican National Committee and the political action committees supporting Trump had just over $74 million cash on hand to start the month.
MAGA Inc., the primary super PAC supporting Trump, started March with over $25.5 million cash on hand after bringing over $12.7 million from wealthy donors in February.
But the RNC continues to lag behind its Democratic counterpart amid the group's mass layoffs and new leadership, netting only an additional $2.6 million last month after expenditures. The group finally surpassed eight digits in their cash on hand, ending the month with over $11.3 million dollars.
Mr. Biden and his campaign have been taunting Trump's campaign finance shortfalls, as they tout their head start in building up staff and travel.
"Just the other day, a guy came to me and said, Mr. President, I need your help. I'm being crushed with debt; I'm completely wiped out. I had to say, 'Donald, I can't help you,'" Mr. Biden joked at a Dallas fundraiser on Wednesday.
- In:
- Joe Biden
- Donald Trump
veryGood! (91429)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Cooler temps and rain could help corral blazes that forced thousands to flee New Mexico village
- On Juneteenth, monument dedicated in Alabama to those who endured slavery
- How did Juneteenth get its name? Here's the story behind the holiday's title
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Matt Grevers, 39, in pool for good time after coming out of retirement for Olympic trials
- Watch Animal Rights Awareness Week spotlight the need to improve animal welfare
- Who challenges Celtics in 2024-25 season? Top teams in East, West that could make Finals
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Stellantis recalls nearly 1.2 million cars over rear camera software glitch
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Who challenges Celtics in 2024-25 season? Top teams in East, West that could make Finals
- Thailand’s Senate overwhelmingly approves a landmark bill to legalize same-sex marriages
- Billy Ray Cyrus Accuses Ex Firerose of Conducting Campaign to Isolate Him From Family
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- U.S. halts avocado and mango inspections in a Mexican state after 2 USDA employees attacked, detained
- Texas doctor charged with obtaining confidential patient information on transgender care
- Immigrant families rejoice over Biden’s expansive move toward citizenship, while some are left out
Recommendation
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
A random woman threw acid in her face; 18 months later, scars fade as impact lingers
California wildfires force evacuations of thousands; Sonoma County wineries dodge bullet
Thailand's senate passes landmark marriage equality bill
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Watch Animal Rights Awareness Week spotlight the need to improve animal welfare
Subway unveils new Footlong Dippers: Here's what they are
Mount Lai Has Everything You Need to Gua Sha Your Face & Scalp Like a Pro