Trump's legal bills are eating up his money. And Biden's outspending him by millions.

President Joe Biden speaks to attendees during a campaign event for re-election on April 16, 2024 in Scranton, Pennsylvania. | Getty Images/Eduardo Munoz AlvarezDonald Trump is spending as much on legal bills as he is on campaigning. Joe Biden, meanwhile, is building a reelection behemoth.

Trump still has a strong fundraising base, and his financial network is banking money for the fall. But his cash stockpile is far lower than Biden’s, and much of what Trump and his allies are raising has paid for lawyers.Biden’s campaign is light years ahead of Trump’s In contrast, Trump’s campaign, which is mostly keeping its powder dry for the fall, spent just $3.7 million. His other groups did spend money on fundraising costs and legal fees — but when it came to core campaign outlays in March, Biden outspent Trump by nearly a factor of eight. Trump’s campaign spent less last month than Sen. Sherrod Brown — perhaps the most vulnerable senator from either party — did for his reelection bid.

Trump may need to find a new funding source for legal bills as Save America is down to just $4 million in the bank andTrailing narrowly in the polls for most of the past six months, Biden’s campaign is off to a historically fast start — mostly out of necessity. Even with all his spending, the president is still banking money for the rest of the campaign. Across his fundraising vehicles and including the Democratic National Committee, Biden had $192.9 million in cash on hand as of March 30, the new reports show. Trump, meanwhile, had $93.1 million.The Republican National Committee raised $20 million in March, by far its best month so far.

Source: Law Daily Report (lawdailyreport.net)

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