Trump campaign's coffers shrink in September; Biden has cash advantage
A month earlier, the Trump campaign reported having $121 million in cash
President Donald Trump's re-election coffers shrank in September as he fell behind Democratic challenger Joe Biden in the campaign's money race, putting him at a disadvantage in the final weeks before the November 3 election.
In a financial disclosure filed on Tuesday night with the Federal Election Commission, the Trump campaign said it had about $63 million in the bank at the end of September after spending about $139 million that month.
A month earlier, the Trump campaign reported having $121 million in cash.
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Biden's campaign has yet to report its cash holdings at the close of September. But the former vice president's campaign said this month that together with the Democratic Party, it had $432 million in the bank.
Trump and his Republican Party had just $251 million in the bank, his campaign manager said this month.
Biden has held a significant lead over Trump in national polls for months, although Reuters/Ipsos polling shows a somewhat closer race in the battleground states likely to decide the winner.
Trump has fallen far behind the Democrat in recent months at fundraising and spending. Trump spent less than $56 million on television and radio advertising in September, compared with nearly $148 million by Biden, according to Advertising Analytics LLC, a market research company.
Including online ads, the president's campaign spent at least $91 million on advertising in September, according to the disclosures filed on Tuesday.
