President Donald Trump is considering investing up to $100 million of his own money into his 2020 reelection campaign, Bloomberg reported Tuesday.
Trump regularly made checks out to his presidential campaign ahead of the 2016 election, but he has refrained from doing so when running as an incumbent. Trump has reportedly discussed the potential donations with multiple people in the White House, according to Bloomberg.
The president, who hated writing checks to his own campaign and did so reluctantly in 2016, is supposedly considering a huge investment of $100 million of his own money for the final 8 weeks https://t.co/3CQCaxcJXA
— Maggie Haberman (@maggieNYT) September 8, 2020
The report comes as former Vice President Joe Biden’s campaign out-raised Trump heavily in August, receiving $365 million. Biden’s haul set the all-time record for single-month fundraising by a U.S. presidential candidate. Campaign spokesman Tim Murtaugh declined to say whether the campaign planned to use Trump’s personal funds in the final weeks of election season.
“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,” 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.”
Trump sent out a tweet regarding his campaign’s expenses Tuesday morning, saying they had to spend money “up front” to combat “false reporting” on his response to the coronavirus.
My Campaign spent a lot of money up front in order to compensate for the false reporting and Fake News concerning our handling of the China Virus. Now they see the GREAT job we have done, and we have 3 times more than we had 4 years ago – & are up in polls. Lots of $’s & ENERGY!
— Donald J. Trump (@realDonaldTrump) September 8, 2020
“My Campaign spent a lot of money up front in order to compensate for the false reporting and Fake News concerning our handling of the China Virus,” he wrote. “Now they see the GREAT job we have done, and we have 3 times more than we had 4 years ago – & are up in polls. Lots of $’s & ENERGY!”
