this post was submitted on 22 Feb 2024
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[–] kersploosh 7 points 9 months ago* (last edited 9 months ago)

TL;DR: In this election cycle both Trump and Biden are raising a fraction of what major presidential candidates usually rake in. This pretty much sums it up:

Together, Biden’s $56 million in cash on hand heading into this month and Trump’s $30.5 million are less combined than Trump alone had this time four years ago, $92.6 million.

I wonder if there's truly less money being pumped into the races, or if the money is simply being laundered through PACs now rather than going to the official campaigns.