How Trump Is Scrambling to Raise Cash
(New York Times) As many as three nights a week, Donald Trump has been hosting private dinners at Mar-a-Lago in Palm Beach, Florida, schmoozing with some of the Republican Party’s biggest financiers as he races to address a sizable cash shortfall against President Joe Biden.
There is no request for money from the attendees at these meals, which have included Larry Ellison, the billionaire co-founder of Oracle, and Pepe Fanjul, a sugar magnate, according to people familiar with the sessions. But advisers to Trump’s campaign and his super political action committees hope the charm offensive will eventually pay political and financial dividends.
One of the most pressing issues facing Trump is the financial disparity he and allied groups now face with Biden and the Democratic Party. Democrats have boasted of entering February with $130 million. The Trump operation did not release a full total, but his campaign account and the Republican National Committee had around $40 million.
Trump enters the general election ahead of Biden in public polls. But Biden has taken full advantage of one of the benefits of incumbency, both socking away cash and building out a political operation earlier than his challenger.
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