Trump ‘Ready To Put Personal Money into Campaign If Necessary’
By Staff, Agencies
US President Donald Trump said he would spend his own money to finance his re-election campaign if it were necessary, amid media reports of a potential cash crunch two months from the Republican president’s face-off with Democratic rival, Joe Biden, in the forthcoming election race.
"If I have to, I will," Trump told reporters at Joint Base Andrews on Tuesday when asked about spending his own cash. “Whatever it takes; we have to win."
Trump claimed that his campaign needed to “spend more money up front” to combat what he described as “disinformation” put forth by Democrats and the press about his administration’s handling of the novel coronavirus.
“If we needed any more, I would put it up personally, like I did in the primaries last time,” Trump told reporters, referring to the money he put up for his 2016 campaign. “If I have to, I’ll do it here but we don’t have to because we have double and maybe even triple what we had a number of years ago, four years ago.”
Trump’s remarks came amid reports about concerns within his campaign about financial shortages after Bloomberg said earlier Tuesday that Trump had discussed spending up to $100 million of his own money on his 2020 campaign.
In a report on Monday, the New York Times said the Trump campaign was grappling with a potential cash crunch as the November 3 election nears.
His campaign disclosed that they raised $76 million during the GOP convention alone last month, more than the Democrats.
The campaign and the Democratic National Committee reported last week that they raised a record $365 million in August.
Since the start of 2019, Trump’s campaign has spent some $800 million, more than twice as much as that of Biden.
Trump and Biden are entering the final two-month stretch of the 2020 presidential election, with national polls showing the former vice president ahead of the Republican president by significant margins.
New CBS News/YouGov polls found on Tuesday that the former vice president maintains his grip on the 2020 race for the White House.
Biden is up 52% to 42% over Trump among likely voters nationally.
Trump is in a tight spot as the United States is contending with crippling recession sparked by COVID-19 outbreak and nationwide protests against police violence and racism.