Has Trump spent his election war chest before the war really starts?

The president’s campaign has paid out $800m, but at a crucial phase he is making cuts while Joe Biden is outspending him

More than $180,000 per second. That is what Donald Trump’s two TV ads during the Super Bowl worked out at in February, offering vivid proof of the outsized role of money in American politics – and of his re-election campaign’s premature and profligate spending.

The 2020 presidential election has been described by both sides as the most important in living memory and is certainly proving the most expensive. Hundreds of millions of dollars have flooded both campaigns and, in the pandemic-enforced absence of shaking hands and kissing babies, may prove even more influential than usual.

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