Former President Donald Trump is trailing President Biden in fundraising efforts, prompting the formation of a joint fundraising committee with the Republican National Committee (RNC). The committee, named the Trump National Committee JFC, recently filed paperwork with the Federal Elections Commission.
Trump, now the presumptive 2024 Republican nominee, has taken control of the RNC and appointed allies to key positions. Biden's campaign has outpaced Trump's fundraising, with a significant cash-on-hand advantage.