Financial Struggles and Fundraising Efforts of Trump and Biden Revealed in Recent Filings

In a recent report by CNN, it was revealed that former President Donald Trump’s leadership PAC, Save America, spent nearly as much money as it took in last month. The majority of these expenses were related to legal bills, as Trump continues to grapple with the aftermath of a civil fraud case and prepares for a historic criminal trial in Manhattan.

The PAC spent nearly $3.7 million on legal-related expenses in March, with most of the outstanding bills owed to the firm that represented Trump in a business fraud case. Additionally, Save America paid over $1 million to law firms for the upcoming criminal trial.

These financial challenges highlight the uphill battle Trump faces as the general election campaign heats up. In contrast, President Joe Biden and the Democratic National Committee expanded their cash advantage over Trump and the GOP in March, with Biden’s campaign reporting a significant stockpile of funds.

Despite these financial setbacks, Trump’s political team is exploring new avenues for fundraising, including a joint fundraising agreement with the Republican National Committee. This agreement prioritizes payments to Save America, ensuring a steady flow of funds for Trump’s campaign.

In a separate development, Robert F. Kennedy Jr.’s independent bid for the White House received a significant contribution in March, indicating growing support for his campaign. Kennedy’s campaign spent millions on consulting, events, advertising, and payroll, ending the month with a substantial amount of cash on hand.

Overall, the financial landscape of the upcoming election is shaping up to be highly competitive, with both Trump and Kennedy facing financial challenges and opportunities in their respective campaigns.