With just over seven months until Election Day, and the GOP and Democratic presidential primaries functionally over, the 2024 race is entering a new phase: the frantic cash grab stage.
Both President Joe Biden and former President Donald Trump are in an all-out sprint to fill up their campaign coffers ahead of what is expected to be the most expensive presidential campaign in history, with the Democrat maintaining a clear advantage over his Republican opponent.
Biden, with the help of the Democratic National Committee, has outraised Trump and the Republican National Committee for months—and there are few indications that Republicans have the infrastructure to close the gap, given the drain of Trump’s mounting legal bills, a Republican committee hollowed out by the Trump campaign, and a GOP small-dollar donor base that is showing signs of fatigue.
