While Democratic Party nominee for the 2020 presidential election, Joe Biden, has been a leader in the polls for quite some time now, the campaign of incumbent – as of July 2020 – still had deeper pockets. This has changed now as the Biden campaign has spectacularly zoomed past Trump. Looking at Biden's fundraising success by mid-October, the Democratic challenger might be looking at collecting $1 billion this election cycle.
Trump’s campaign had collected only around $600 million in the same time frame. and had spent almost $302 million.
While Trump has spent 94 percent of his funds by mid-October, that number was only 83 percent for Biden. , the Trump campaign has pulled ads in crucial Sun Belt states for lack of funds, prompting with money considered "outside spending" instead.
