Trump’s cash woes mount as Biden laps him

The president started October with $63 million to spend compared to Joe Biden’s $177 million.

President Donald Trump’s campaign finance problems are even worse than they looked a few weeks ago.

Joe Biden’s campaign outraised Trump’s by an eye-catching $200 million in September and started October with $177 million in the bank. That’s a nearly 3-to-1 edge over Trump’s $63 million, putting Trump at a deficit without parallel in the modern era of campaign financing, especially for a sitting president. The last incumbent to face reelection, Barack Obama, had nearly $100 million left to spend at this point in 2012, while his challenger, Mitt Romney, had almost exactly the amount Trump has left this year.

Simply put, Biden has more money and fewer restrictions on how he can spend it at the most critical moment of the presidential election, with tens of millions of people already voting. 

https://www.politico.com/news/2020/10/21/trump-cash-woes-430691