"Biden's Record-Breaking Fundraising Advantage Over Trump for Re-Election"

Despite trailing in polls, Joe Biden's campaign has a significant fundraising advantage over Donald Trump, with $155 million at their disposal compared to Trump's $50 million. Biden's fundraising dominance, including a recent $25 million haul from a star-studded fundraiser, has raised questions about the potential impact on voter support. Research suggests that TV ads can influence a small but decisive fraction of the electorate, and Biden's financial edge could increase his vote-share in close swing-states. However, the effectiveness of ads may be less in 2024 due to the candidates' high visibility, indicating that Biden's fundraising advantage alone may not be enough to erase his polling deficit.