Originally posted by the Voice of America. Voice of America content is produced by the Voice of America, a United States federal government-sponsored entity, and is in the public domain. Billions Spent to Elect US Presidents Aishwarya Airy President Donald Trump and his Democratic challenger, former Vice President Joe Biden, appear on track to break campaign fundraising records ahead of the November 3 presidential election. Although Trump had a significant head start in raising money for his reelection effort, Biden outraised Trump by $10 million in June, which marked the second consecutive month that the presumptive Democratic nominee took in more than the Republican president. .