Donald Trump far outpaces Democratic rivals in Presidential election fundraising

Donald Trump far outpaces Democratic rivals in Presidential election fundraising

WASHINGTON: Donald Trump's re-election team on Thursday revealed that he sits atop a staggering campaign fund , underlining the size of the challenge facing the US president's Democratic rivals at the beginning of an election year.

The sprawling Democratic field meanwhile lost another candidate when Julian Castro, the sole Hispanic within the 2020 field, announced he was ending his bid. That leaves 14 candidates still within the running to require on Trump - and competing for much-needed donations that keep a campaign's all-important ground game and advertising operations going.

In the fourth quarter of 2019, whilst Trump was mired during a political scandal that resulted in his impeachment by the House of Representatives, he came out on top, raising a staggering USD 46 million.

It was his best fundraising period during a year that brought in USD 143 million for his re-election efforts, the campaign announced, easily outpacing the Democrats seeking to exchange him.

And while Democrats are now effectively raising funds to compete against each other before the overall election in November, Trump has the posh of stockpiling funds until his opponent is chosen . Trump's campaign now has a powerful USD 102.7 million in cash available . "The president's fund and grassroots army make his re-election campaign an unstoppable juggernaut," Trump 2020 campaign manager Brad Parscale said during a statement.

"Democrats and therefore the refore the media are during a sham impeachment frenzy and the president's campaign only got bigger and stronger with our greatest fundraising quarter this cycle," Parscale said. The president faces an upcoming trial within the United States Senate , where a Republican majority is predicted to acquit him.

Trump himself argued that the impeachment drama, while embarrassing for his legacy, has led to a flood of donations. He retweeted a report that describes his campaign raising a whopping $10 million within the two days following the impeachment vote.

Trump's fundraising haul is significantly above that of his challengers including Bernie Sanders, the liberal senator who has thus far raked within the most - USD 34.5 million in 2019's final three months - of any Democratic contender.

The Sanders team also said it topped a notable threshold of 5 million individual donations, a figure not reached by his 2016 campaign until March of that year. "Together, we're proving you do not got to beg the rich and therefore the powerful for campaign contributions so as to win elections," Sanders said.

Democratic rival Pete Buttigieg also posted strong numbers, raising USD 24.7 million within the fourth quarter, bringing his 2019 total to quite USD 76 million. Buttigieg - who until Wednesday served as mayor of South Bend , Indiana - has been a campaign surprise, and leads in polling in Iowa, the state which votes first within the nomination race, on February 3.

Frontrunner Joe Biden, the previous vice chairman , Senator Elizabeth Warren and Senator Amy Klobuchar have yet to announce their quarterly hauls. One candidate showing unexpected resilience is Andrew Yang, an Asian-American entrepreneur with no political experience who remains in contention against much more established party figures.

Yang raised USD 16.5 million within the fourth quarter, capping a dramatic uptrend from early 2019 when he was a virtual unknown. But while Biden, Sanders, Warren, Buttigieg, and Klobuchar have qualified for subsequent Democratic debate, on January 14, Yang has not.

Neither have Senator Cory Booker, congresswoman Tulsi Gabbard, or billionaire Michael Bloomberg, the previous mayor of latest York who only jumped into the race in November. The 45-year-old Castro also did not meet the qualifications.

His exit means the Democratic field becomes whiter and older, although two women and one gay candidate, Buttigieg, are going to be in January's debate. Tributes to Castro poured in from other Democrats. "Your voice and campaign were invaluable in sticking up for underrepresented communities and pushing the sector forward," said Booker, the sole remaining African-American candidate within the top 10.