United States | Following the money

Reports that the president’s campaign faces a crisis are exaggerated

The Trump campaign has plenty of cash and may have one fundraising advantage

Sep 19th 2020|WASHINGTON, DC

SCENTING BLOOD, Donald Trump’s detractors have leapt on the news that his campaign has run down its huge cash reserves with gusto. After the New York Times reported last week that the campaign had ripped through $800m in the 18 months to July, headline-writers jostled to predict the serially indebted president was headed for yet another “cash crunch”. That seemed to be confirmed by reports this week that his campaign has recently been outspent by Joe Biden’s in most swing states. Yet how much does this actually matter?

This article appeared in the United States section of the print edition under the headline “Following the money”