Trump Spent $32 Million More Than He Raised in August

“Donald Trump dug into his war chest in a bid to stem the momentum of Democratic rival Kamala Harris, drawing from his cash reserves as the presidential race shifts into its most frenzied — and expensive — stage yet,” Bloomberg reports.

“The Republican presidential nominee ended August with $295 million in the bank, about $32 million less than he had at the start of that month. Trump raised $130 million last month — a total that falls short of the $138.7 million he raised in July for his campaign, the Republican National Committee and state parties.”

“While he has been running a lean operation, the drop in cash on hand portends a troubling development for a campaign that has been forced to pivot to a new general election rival after Harris replaced President Joe Biden atop the Democratic ticket.”