Holy balls. This has to be the most lopsided Presidential election $$$ wise, in history. Probably end up a 20-1 advantage in traditional ad time or more.
Outside Democratic-leaning groups have pledged more than $1 billion to help President Joe Biden’s reelection, the New York Times reported Tuesday, giving the incumbent a major fundraising boost as the general election heats up—and as rival Donald Trump reportedly scrambles to raise cash.
The League of Conservation Voters, a climate-focused group, pledged to donate $120 million to Biden’s reelection, the Times reports, putting the fundraising haul by outside groups over the $1 billion mark.
The biggest groups spending money on Biden’s reelection are super PAC Future Forward, the Service Employees International Union and research organization American Bridge, according to the Times, which have pledged between $140 million and $250 million on advertising and other campaign help.
Outside groups—which cannot directly coordinate with the Biden campaign—are likely to raise between $2.5 billion and $3 billion by November, former Emily’s List president Stephanie Schriock predicted to the Times.
The outside spending comes on top of money raised by the Biden campaign and through the Democratic National Committee directly, which reported having $155 million in total cash on hand going into March.
www.forbes.com
Outside Democratic-leaning groups have pledged more than $1 billion to help President Joe Biden’s reelection, the New York Times reported Tuesday, giving the incumbent a major fundraising boost as the general election heats up—and as rival Donald Trump reportedly scrambles to raise cash.
The League of Conservation Voters, a climate-focused group, pledged to donate $120 million to Biden’s reelection, the Times reports, putting the fundraising haul by outside groups over the $1 billion mark.
The biggest groups spending money on Biden’s reelection are super PAC Future Forward, the Service Employees International Union and research organization American Bridge, according to the Times, which have pledged between $140 million and $250 million on advertising and other campaign help.
Outside groups—which cannot directly coordinate with the Biden campaign—are likely to raise between $2.5 billion and $3 billion by November, former Emily’s List president Stephanie Schriock predicted to the Times.
The outside spending comes on top of money raised by the Biden campaign and through the Democratic National Committee directly, which reported having $155 million in total cash on hand going into March.
Outside Groups Pledge $1 Billion To Biden—As Trump Reportedly Struggles To Fundraise
The Biden campaign and DNC also had $155 million in cash going into March.
www.forbes.com
