Democrat Biden and allies had US$466m at end of August, says official

Democrat Biden and allies had US$466m at end of August, says official
Democrat Biden and allies had US$466m at end of August, says official

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Nevin Al Sukari - Sana'a - Democratic US presidential nominee Joe Biden gets elbow bump greetings from local supporters during a campaign stop in Duluth, Minnesota September 18, 2020. — Reuters pic

WASHINGTON, Sept 21 — Democratic US presidential nominee Joe Biden and his party allies increased their cash holdings to US$466 million (RM1.9 billion) at the end of August, a campaign official said yesterday, as President Donald 's campaign reported that its cash pile was little changed from a month earlier.

The figures reported by each side suggests that Biden, a former vice president who is leading Trump in most opinion polls, could have a financial advantage over Trump as the two sides prepare for the November 3 presidential election.

While the Trump campaign started the year with a considerable cash advantage, Biden has closed the gap as Democratic donors consolidated behind him and the Trump campaign has burned through its money more quickly.

On Friday, Trump campaign spokesman Tim Murtaugh said the president's re-election campaign and its Republican Party allies would be reporting US$325 million in cash on hand, considerably less than the figure reported by the Biden campaign official, who asked not to be named.

Neither side has filed all the federal disclosures that will detail the finances of allied fundraising committees.Yesterday, the Trump campaign said it had US$121 million in cash at the end of August, roughly the same level as a month earlier.

The cash stockpile of Biden and party allies compares with US$294 million that the campaign had announced in early August. — Reuters

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