Joe Biden has raised more than Trump so far – here’s how US election fundraising is working out

By Paul Whiteley, Professor, Department of Government, University of Essex

Americans spend mind-blowing amounts of money on their elections. According to the Federal Election Commission (FEC) in the 2016 presidential election cycle the candidates spent a total of US$1.6 billion (£1.2 billion). This rose to US$4.1 billion in the 2020 cycle, and it is likely to be much higher in the current election campaign.

Donations to presidential campaign funds come from individuals, political parties and political…

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