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Trump Considers Splashing His Own Cash in Final Campaign Push: Report

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President Donald Trump is considering spending as much as $100 million of his own money in a final campaign push to beat Democratic nominee Joe Biden in November’s election, according to a new report.

People familiar with the discussions told Bloomberg that the Republican president has talked about the idea with multiple people but hasn’t committed to it at this time.

Trump contributed $66 million to his 2016 campaign, but it is unprecedented for an incumbent president to use his own funds in attempting to win a second term in office.

The report comes as Biden and the Democratic National Committee raised $365 million in August, breaking a one-month record of $193 million that Barack Obama set in 2008 and narrowing Trump’s cash advantage.

Trump and the Republican National Committee have not released their August fundraising numbers yet, but reported they raised $76 million during the GOP convention last month.

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“President Trump’s fundraising is breaking records and we are paying close attention to the budget, allowing us to invest twice as much from now until Election Day than we did in 2016,” Trump campaign spokesman Tim Murtaugh told Bloomberg.

“President Trump has also built the world’s greatest digital fundraising operation, a dominant ground game, and a third advantage Joe Biden can never match — enthusiasm.”

In a Tuesday morning tweet, Trump said his campaign had to spend “a lot of money” to combat the “false reporting” on how he has handled the coronavirus outbreak.

Trump and the RNC have spent over $800 million since January 2019 on the campaign, while Biden and the DNC have spent about $414 million during roughly the same time period, according to Bloomberg.

Trump’s ability to quickly come up with the funds is unclear at this time; his net worth has declined $300 million in the past year to $2.7 billion, the Bloomberg Billionaires Index reported.

According to Trump’s most recent financial disclosure at the end of 2019, he has between $46.7 million and $156.5 million in various savings, checking and money market accounts.

Trump’s campaign pulled most of his television advertising at the end of August, The Associated Press reported.

Biden, meanwhile, doubled Trump’s advertisement spending across the country last month, investing big time in ads in key battleground states like Wisconsin and Florida.

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The Trump campaign emphasized that it is still spending hundreds of millions on ads in the weeks leading up to Election Day.

Do you think Trump should use his own money for his campaign?

“We have over $200 million worth of TV ads that are reserved [from] Labor Day until Election Day,” Trump campaign spokesman Jason Miller told the AP.

“We’re speaking with voters in states as they’re starting to come online.”

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Erin Coates was an editor for The Western Journal for over two years before becoming a news writer. A University of Oregon graduate, Erin has conducted research in data journalism and contributed to various publications as a writer and editor.
Erin Coates was an editor for The Western Journal for over two years before becoming a news writer. She grew up in San Diego, California, proceeding to attend the University of Oregon and graduate with honors holding a degree in journalism. During her time in Oregon, Erin was an associate editor for Ethos Magazine and a freelance writer for Eugene Magazine. She has conducted research in data journalism, which has been published in the book “Data Journalism: Past, Present and Future.” Erin is an avid runner with a heart for encouraging young girls and has served as a coach for the organization Girls on the Run. As a writer and editor, Erin strives to promote social dialogue and tell the story of those around her.
Birthplace
Tucson, Arizona
Nationality
American
Honors/Awards
Graduated with Honors
Education
Bachelor of Arts in Journalism, University of Oregon
Books Written
Contributor for Data Journalism: Past, Present and Future
Location
Prescott, Arizona
Languages Spoken
English, French
Topics of Expertise
Politics, Health, Entertainment, Faith




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