For the first time this election, Joe Biden is sitting on the biggest pile of cash — and he’s vastly outspending President Trump, too
Trump began the general election versus Biden with a nine-figure head start over the Democrat, after the former vice president battled through an expensive primary contest while Trump raised money for years in preparation for 2020. Biden’s record-breaking fundraising pace, especially over the last month, has changed everything, while Trump’s campaign is suddenly watching what it spends.
If the Trump campaign is trying to trim its budget, the biggest place to cut is inside this LLC. But the lump sum, totaling $46.2 million last month, doesn't shed much light on just how the money was spent because the consultancy can send the money back out to other subcontractors without disclosing them.
It’s unclear exactly where the money goes after it hits AMMC’s account, but we know some of the destinations. Federal Communications Commission documents show the Trump campaign uses a media firm called Harris Sikes to place its TV advertising, for example, though the firm’s name doesn’t appear in Trump’s FEC report.
The cuts to Trump’s TV spending reflected a growing fear of a cash crunch for the campaign, as Biden caught up in fundraising. But Trump officials have
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