Trump was outraised by GOP rival Nikki Haley in January by nearly $2.5 million
South Carolina voters prepare for the 2024 GOP primary
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FIRST ON FOX: President Biden's re-election campaign is pulling no punches in trolling former President Donald Trump following its "historic" cash-on-hand announcement and massive fundraising haul for the month of January, as well as the latter being outraised by his longshot GOP rival in the same time period.
The Biden campaign said Monday it raised more than $42 million last month and has $130 million in cash-on-hand across all of its joint-fundraising committees — a figure the president's re-election team is touting as "the highest total amassed by any Democratic candidate in history" at this point in the election cycle.
Those numbers compare to just $30 million cash-on-hand reported by the Trump campaign at the end of January, after all the former president's fundraising entities reported bringing in nearly $2.5 million less than Nikki Haley's campaign, despite his vast polling advantage.
TRUMP EXPECTED TO HAUL IN $6M AT SOUTH CAROLINA FUNDRAISER: ‘THE PRIMARY IS OVER’
Former President Donald Trump, left, and President Biden. (Getty Images)
Trump's campaign, his super PAC and another pro-Trump PAC brought in a combined $21.1 million in January, but Haley's campaign, along with her super PAC, brought in a combined $23.5 million.
"It's been a tough couple of weeks if you are Donald Trump and also like money," Biden campaign official Ammar Moussa told Fox News Digital. "The RNC had its worst fundraising year in decades, is hemorrhaging cash, and now Trump enters the general election with the weakest operation in recent history."
"While Trump and the RNC burn cash paying for Trump's... challenges, our campaign is proud of its historic war chest whose funds are going to reach the voters who will decide this election this November," he added, referencing Trump's numerous legal defenses being waged in Washington, D.C., Miami and Atlanta courtrooms.
Trump's campaign fundraising apparatus has shelled out close $50 million to cover the cost of those legal bills, contributing to Biden's financial upper-hand.
Former U.S. President Donald Trump points to supporters at the conclusion of a campaign rally at the Atkinson Country Club in Atkinson, New Hampshire, on Jan. 16. (Brandon Bell/Getty Images)
However, Trump's campaign is pointing to his edge in some early general election polls that show him leading or statistically tied with Biden, as well as what they say is the inflow of money from everyday Americans ready for a change. One poll released Wednesday actually showed Biden leading Trump 49%-45%.
"President Trump’s campaign is fueled by small dollar donors across the country from every background who are sick and tired of Crooked Joe Biden’s record-high inflation, wide open border invasion, crime and chaos," Trump campaign national press secretary Karolina Leavitt told Fox News Digital.
"Voters don’t want four more years of misery and destruction, and that’s why President Trump is dominating Biden in every single battleground poll," she added.
President Biden delivers remarks to service members, first responders and their families on the 22nd anniversary of the Sept, 11 terrorist attacks at Joint Base Elmendorf-Richardson in Anchorage, Alaska, on Sept. 11, 2023. (SAUL LOEB/AFP via Getty Images)
Biden's cash advantage also comes just weeks after Fox News Digital reported on the cash problems and swing-state disarray being faced by the Republican National Committee as its rival, the Democratic National Committee, held nearly three times the cash-on-hand to start the election year.
Fox News' Brooke Singman and Paul Steinhauser contributed to this report.
Get the latest updates from the 2024 campaign trail, exclusive interviews and more at our Fox News Digital election hub.
Brandon Gillespie is an associate editor at Fox News. Follow him on X at @BGillespieAL.
