Trump's campaign, along with the Republican National Committee and associated groups, raised $247.8 million in September, well short of the $383 million raised by Biden and the Democratic National Committee in the same period. Trump campaign communications director Tim Murtaugh tweeted that the Trump effort had $251.4 million on hand at the end of September, compared with $432 million for Biden.
Trump’s financial disadvantage was once unthinkable — incumbent presidents traditionally vastly outraise their rivals — and poses a stark challenge to his reelection prospects. The president's campaign was betting on a well-stocked bank account to blanket airwaves and online with Trump ads. But last week he was outspent on advertising by Biden by more than $10 million, according to the ad tracking firm Kantar/CMAG.
“President Trump hits final stretch with strength, resources, record & huge ground game needed to spread message and secure re-election,” Murtaugh tweeted.
Biden's fundraising benefited from a boost in donor enthusiasm following the death of Supreme Court Justice Ruth Bader Ginsburg and Trump's widely panned performance in the first presidential debate.