Current:Home > Contact-usTrump's campaign, fundraising arms spent over $10 million on legal fees in 2024, as Biden spends on ads, new staff-DB Wealth Institute B2 Expert Reviews
Trump's campaign, fundraising arms spent over $10 million on legal fees in 2024, as Biden spends on ads, new staff
View Date:2024-12-23 16:38:07
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! (13)
Related
- Michael Grimm, former House member convicted of tax fraud, is paralyzed in fall from horse
- North Korea’s top diplomat in Moscow for talks on ties amid concerns over alleged arms deal
- Emmy Awards 2023: The Complete Winners List
- Jalen Rose, Chris Webber and the Fab Five reunite for Michigan-Ohio State basketball game
- Channing Tatum Drops Shirtless Selfie After Zoë Kravitz Breakup
- This Inside Look at the 2023 Emmys After-Parties Will Make You Feel Like You Were Really There
- Kieran Culkin explains his 'rude' baby request: What you didn't see on TV at the Emmys
- Missed Iowa Caucus 2024 coverage? Watch the biggest moments here
- Inflation ticked up in October, CPI report shows. What happens next with interest rates?
- Niecy Nash's Relationship Advice Proves Her Marriage to Jessica Betts Is Spicy as Ever
Ranking
- Satire publication The Onion acquires Alex Jones' Infowars at auction
- What's open and closed on Martin Luther King Jr. Day
- From Hot Priest to ‘All of Us Strangers,’ Andrew Scott is ready to ‘share more’ of himself
- Photos: Snow cleared at Highmark Stadium as Bills host Steelers in NFL playoff game
- Human head washes ashore on Florida beach, police investigating: reports
- Horoscopes Today, January 15, 2024
- Just Lay Here and Enjoy This Epic Grey's Anatomy Reunion at the 2023 Emmy Awards
- Better Call Saul Just Broke an Emmys Record—But It's Not One to Celebrate
Recommendation
-
Hurricane forecasters on alert: November storm could head for Florida
-
Fall in Love With These Couples Turning the 2023 Emmys Into a Red Carpet Date Night
-
Zelenskyy takes center stage in Davos as he tries to rally support for Ukraine’s fight
-
Toledo officers shoot, kill suspect in homicide of woman after pursuit, police say
-
AIT Community Introduce
-
Suspected Long Island Serial Killer Rex Heuermann Charged With Murder of 4th Woman
-
Niecy Nash's Emmys speech pays tribute to 'every Black and brown woman who has gone unheard'
-
Tanzania blocks Kenyan Airways passenger flights in response to Kenya blocking its cargo flights