His team has set up two new joint fundraising committees to help close the gap.
Republican presidential candidate former President Donald Trump speaks to supporters during a rally at the Dayton International Airport, on March 16, 2024, in Vandalia, Ohio.But with Trump becoming his party's 2024 presumptive presidential nominee earlier this month, he and the RNC are full steam ahead to make up for their fundraising lag -- launching a joint operation and planning a high-dollar event with GOP megadonors.
Entering March, Trump's presidential campaign and the RNC only had $42 million and $11 million respectively in the bank, about half of the more than $97 million the Biden campaign and the DNC jointly reported having as cash on hand in their latest filings. In this Feb. 7, 2024, file photo, President Joe Biden arrives at John F. Kennedy International Airport in Queens, New York. He is visiting Manhattan to attend three Biden-Harris campaign fundraisers.But so far this election cycle, the Biden campaign and the Democratic Party have enjoyed a major advantage over their Republican counterparts of being able to raise money together, because Democrats formally decided to rally around Biden even before the nominating race.
The Biden campaign spent even less in the first two months of this year -- $12 million -- as the president mostly stayed away from the campaign trail while the GOP fight played out, according to the financial filings. But the DNC was active instead, spending nearly $30 million in the first two months
The Trump 47 Committee is already throwing a major $814,600-per-ticket fundraiser in Palm Beach, Florida, next month, hosted by billionaire John Paulson and featuring dozens of major Republican names, including several former ambassadors and Trump administration officials like former Small Business Administrator Linda McMahon and former Commerce Secretary Wilbur Ross as well as New York Jets owner Woody Johnson, according to an invitation to the fundraiser that was obtained by ABC News.
According to an invitation for a fundraiser hosted by the joint fundraising committee, Save America is ahead of groups like the RNC and the 40 state party committees when it comes to the order for how donations are disbursed.
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