Joe Biden is eating away at President Trump’s campaign cash advantage, report CBS News associate producer Sarah Ewall-Wice and CBS News campaign reporter Bo Erickson. According to his campaign manager, the former vice president has $242 million cash on hand. This follows two strong months of fundraising — Biden outraised Mr. Trump in both May and June. The Trump campaign, RNC, and their joint fundraising committees announced at the beginning of July that their entities had $295 million cash on hand, just $50 million more than Biden. Last night, the Biden Victory Fund filed its second quarter numbers with the Federal Election Commission, revealing the newly formed joint fundraising committee brought in $86 million over three months but still had more than $80 million of it sitting in the committee account at the end of June. It’s a sign of just how much money can be saved on campaigning in the midst of a pandemic. Meanwhile, the Trump Victory committee raised more than $27 million in the second quarter of the year and had $50 million cash on hand at the close of June, having transferred more than $18 million to other committees. The presidential campaigns and party committees face an FEC filing… Read full this story
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