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Trump says he is willing to spend his own money to win re-election


REUTERS/Jonathan Ernst

President Donald Trump, facing the possibility of a cash crunch, said on Tuesday he would spend “whatever it takes” of his own money to finance his 2020 presidential campaign against Democrat Joe Biden if he had to.


The Republican president, who trails Biden in opinion polls ahead of the Nov. 3 election, told reporters before taking off for a trip to Florida that the campaign had double or triple what it had in 2016 but he would spend his own money if needed.


“If I have to, I would,” Trump said.


The New York Times reported that Trump’s initial financial supremacy over former Vice President Biden earlier this year had evaporated, and that of the $1.1 billion his campaign and the party raised from the beginning of 2019 through July, more than $800 million already had been spent.


Biden and the Democratic National Committee raised a combined $364.5 million in August, shattering the monthly record for fundraising by a presidential campaign. Trump and Republicans have not announced their August haul.


Trump, who was a wealthy New York-based real estate developer before entering politics, was asked how much he might have to spend from his own personal fortune. He had to dip into his own money in 2016 to help pay for his campaign.


9 September 2020

News Source Reuters

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