Facing potential money crunch, Trump ramps up big and small-dollar fundraising


  • World
  • Saturday, 12 Sep 2020

FILE PHOTO: U.S. President Donald Trump speaks during a campaign event at MBS International Airport, in Freeland, Michigan, U.S., September 10, 2020. REUTERS/Jonathan Ernst

WASHINGTON (Reuters) - President Donald Trump will embark on a heavier fundraising schedule in coming weeks as his re-election campaign faces a possible cash crunch that has forced it to pull back television advertising in some crucial states.

Trump's campaign started the year with more than 10 times as much money as Democratic rival Joe Biden. But to the alarm of some Republican donors, the former vice president closed the gap as Democratic donors consolidated behind him and the Trump campaign burned through its cash more quickly.

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