Current:Home > FinanceTrump's campaign, fundraising arms spent over $10 million on legal fees in 2024, as Biden spends on ads, new staff -PrestigeTrade
Trump's campaign, fundraising arms spent over $10 million on legal fees in 2024, as Biden spends on ads, new staff
View
Date:2025-04-25 10:27:05
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! (993)
Related
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Nikki Haley makes surprise appearance at Saturday Night Live town hall
- Dr. Cornel West Is Running to Become President of the United States. What Are His Views on Climate Change and the Environment?
- Victoria Monét Wins Best New Artist at 2024 Grammys
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Taylor Swift makes Grammys history with fourth album of the year win for 'Midnights'
- Andre Agassi, Steffi Graf defeat John McEnroe, Maria Sharapova in Pickleball Slam 2
- Wyndham Clark wins AT&T Pebble Beach Pro-Am after weather shortens event to 54 holes
- What to watch: O Jolie night
- 'Extremely dangerous situation' as flooding, mudslides swamp California: Live updates
Ranking
- Travis Hunter, the 2
- Dakota Johnson Channels Madame Web in Must-See Naked Spider Gown
- Taylor Swift stirs controversy after alleged Céline Dion snub
- Texas Gov. Abbott insists state has right to protect border amid feud with President Biden
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Richard Caster, a 3-time Pro Bowl tight end and wide receiver for the Jets, dies at 75
- Stock market today: Asian stocks mostly fall as Chinese shares skid despite moves to help markets
- Bob Saget's widow, Kelly Rizzo, dating Breckin Meyer two years after husband's death
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Taylor Swift Makes History at 2024 Grammys With Album of the Year Win
Sen. Kyrsten Sinema rebukes election question that makes Americans really hate politics
Miley Cyrus just won the first Grammy of her career
Intel's stock did something it hasn't done since 2022
Like Spider-Man, you may have your very own 'canon event.' Here's what that means.
Miley Cyrus wins first Grammy of her career for Flowers
Prince Harry Returning to U.K. to Visit Dad King Charles III Amid Cancer Diagnosis