Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.U.S. President Joe Biden speaks during a campaign event at Martin Luther King Recreation Centre on April 18, 2024 in Philadelphia, Pennsylvania. reshaped the landscape of American political financing.
Political campaigns are fuelled by a cacophony of elements — television ads, logos, stickers, rallies and the indispensable army of staffers. Each component requires financial resources. Media advertising, in particular, commands a significant share of campaign expenditures. As political contenders vie for attention in a crowded marketplace, the competition escalates, driving up costs and intensifying fundraising efforts.
The numbers tell the story. President Joe Biden’s reelection bid has shattered records, amassing more than $192 million by March 31, marking the highest ever sum for a Democratic candidate. His reelection campaign, coupled with the Democratic National Committee, recently announced a haul of over $90 million in March alone. This financial prowess has further cemented Biden’s commanding lead over Trump.