In March, former President Donald Trump and the Republican National Committee (RNC) raised $65.6 million and concluded the month with $93.1 million in cash reserves. This fundraising effort is part of a broader strategy to address concerns about Trump’s financial position relative to President Joe Biden. The sum exceeds the $62 million raised in March 2020 and involves multiple fundraising entities, all due to report to the Federal Election Commission.
While Biden’s March fundraising figures are pending, his operation disclosed a $25 million gain from a New York City event attended by former Presidents Obama and Clinton. As of February, Biden and the DNC had $155 million on hand from a $53 million fundraising effort.
Trump’s team acknowledges a probable financial disadvantage against Biden but is proactively seeking to mitigate this through significant fundraising initiatives, including an upcoming Palm Beach event expected to raise over $40 million. Additionally, the Trump campaign has assumed control over RNC operations, introducing Michael Whatley as chair alongside Lara Trump as co-chair.
Efforts to bolster Trump’s campaign finances are challenged by substantial legal expenses, with Save America, Trump’s leadership PAC, allocating over $5.6 million to legal fees in February alone. Since January 2023, the pro-Trump super PAC MAGA Inc. has transferred $50 million to Save America, predominantly for legal costs.
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