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 October 18, 2023

Trump smashes fundraising goals, holds massive lead over competitors

Former President Donald Trump hasn't let a mountain of legal issues stop him from smashing records and solidifying his support for the 2024 presidential election. 

That was evidenced once again after fundraising numbers were recently released, showing Trump with an impressive -- and growing -- campaign war chest.

According to The Daily Wire, the president's campaign "reported raising $24.5 million from the start of July through the end of September."

That number more than doubles his closest competitor.

Combine his fundraising ability with his high polling numbers, especially for the GOP primary, and short of something completely unexpected, it's crystal clear that Trump will dominate the GOP primary, at the very least.

At the end of the latest fundraising quarter, Trump also had about $38 million in cash on hand.

President Joe Biden, who continues to struggle in the polls and seems to not be able to excite his dwindling base of support, was outraised by his predecessor.

The Daily Wire noted:

President Joe Biden brought in nearly $25 million and ramped up spending to almost $13 million after spending just over $1 million the quarter before. The spending binge came at a time when his poll numbers have sagged over key issues such as immigration, the economy, and crime.

For his part, Biden finished the fundraising quarter with about $32 million cash on hand. He's still raising money, but not in the same way Trump is.

Trump's two closest Republican competitors, Florida Governor Ron DeSantis, and former U.N. Ambassador Nikki Haley, both raised a fair amount but nothing close to the former president, who seems to command the bulk of support from Republican voters.

Haley reportedly raised about $11 million over the past three months, and has roughly $12 million cash on hand. DeSantis reportedly only has $5 million in cash at his disposal, and roughly $1 million in debt.

Other GOP candidates are struggling to raise money and their poll numbers, with the last two Republican debates proving unhelpful to the entire GOP bench.

Major donors have reportedly began backing off of throwing money at candidates not named Donald Trump, as they realize the investment probably won't pay off.

Written By:
Ryan Ledendecker

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