Why billionaire Trump faces a funding disadvantage against Clinton
Presumptive Republican presidential nominee Donald Trump often boasts about his wealth, but he may end up with a money problem ahead of November's general election.
Trump lent his campaign most of its cash for the GOP primary, which he all but won last week when his last remaining rivals suspended their campaigns. But facing higher spending demands in a likely contest with former Secretary of State Hillary Clinton, the billionaire businessman has started to set up a more traditional fundraising organization.
Trump faces a tough task in quickly establishing a fundraising structure and securing the support of deep-pocketed Republican donors.
"I believe it's going to be hard. He's starting at a substantial organizational disadvantage to Hillary Clinton," said Michael Malbin, executive director of the nonpartisan Campaign Finance Institute.
The 2012 contest shows the huge financial demands of a general election. Both the Democratic and Republican sides shelled out more than $1.1 billion supporting President Barack Obama and Mitt Romney, respectively, according to the Center for Responsive Politics. Those figures include candidate committee, national party and outside group spending.
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