How Biden is beating Trump, the “billionaire” with a cashflow problem

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How Biden is beating Trump, the “billionaire” with a cashflow problem
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The incumbent is currently out-fundraising his beleaguered ‘billionaire’ foe, who faces seizure of his assets if he cannot pay a $464m bond due today

Joe Biden’s re-election campaign saw a historic spike in fundraising after his State of the Union address Even by current local standards, the fund-raising e-mails emanating from the Trump campaign over the last week have been hitting Americans’ in-boxes with an astonishing degree of velocity.

“Trump Tower will never be captured!” reads one. “Keep your filthy hands off Trump Tower” reads another, directed at the New York authorities who may seize his prize possession in part-payment of the $464m levied after his business was found liable for fraud. As things currently stand, President Biden enjoys a nearly $40m advantage over Trump, with more than $70m in his war chest compared with Trump’s relatively puny $33.5m. Worse still for the Republicans, Trump has been burning through his cash at a faster pace.The President is now betting that his early advertising blitz in those states, coupled with his ability to hire hundreds of additional staff there, will make a key difference as Election Day approaches.

Donald Trump was ordered to pay E Jean Carroll $83.3m damages in defamation case in January, where protesters appeared outside of Manhattan Federal Court to support her. Ms Carroll accused Trump of destroying her reputation by calling her a liar after she accused him of sexual assault. that free media coverage was worth more than $2bn to Trump’s first campaign.

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