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Money war: Donald Trump vows to break Joe Biden’s record

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Republican candidate and former president Donald Trump speaks during a press conference in New York City on March 25, 2024. Donald Trump vows to defeat Joe Biden by raising more money. — Reuters
Republican candidate and former president Donald Trump speaks during a press conference in New York City on March 25, 2024. Donald Trump vows to defeat Joe Biden by raising more money. — Reuters

After a record-breaking fundraiser hosted by US President Joe Biden collecting a whopping $26 million, former commander-in-chief and Republican candidate Donald Trump has also carved out his plan to defeat his rival.

Donald Trump — who is facing four indictments — has planned a fundraising event Saturday next week in Palm Beach, Florida, The Hill reported Friday.

The event will be hosted by a hedge fund founder John Paulson, in which the Republican team is eyeing to raise $33 million, breaking the record set by Joe Biden at Radio City Musical Hall in New York City.

President Joe Biden boards Air Force One at Joint Base Andrews, Maryland on March 29, 2024. — Reuters
President Joe Biden boards Air Force One at Joint Base Andrews, Maryland on March 29, 2024. — Reuters

“The response to our fundraising efforts has been overwhelming, and we’ve raised over $33 million so far. There is massive support amongst a broad spectrum of donors. The dinner is relatively small in nature, and we are almost at our cap,” a statement by Paulson read.

The 81-year-old Biden’s team has a considerable lead in terms of campaign money as the filings showed that he amassed $155 million cash. In February he secured $53 million.

Trump’s campaign and joint committee raised $20.3 million in February and entered March month with a combined $41.9 million cash on hand, according to CNN.

The former president has been facing a massive financial crunch amid over $55 million going into his legal fees since early 2023.

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