by Mike ‘Mish’ Shedlock
The Street
As Trump retreats from TV ads, Biden spends.
Cash Crunch for Trump Campaign
The Financial Times reports Trump Retreats from Television Ads Amid Campaign Cash Crunch.
MSN reports Trump Money Crunch Limiting his Battleground Options.
Last month, Biden outraised President Trump in August by more than $150 million. That steep financial disparity heading into the critical, post-Labor Day period, combined with the Trump campaign’s heavy burn rate for several months previous, forced the cancellation of millions of dollars in battleground state ads. Biden countered with a major buy across television and digital platforms that went virtually uncontested in some crucial media markets.