More money doesn't always mean more votes.

From Marketplace, I'm Sabrie Beneshore in for David Brancaccio.

President Joe Biden's re-election campaign says it hauled in more than $25 million at a New York City fundraiser

last night. Biden appeared alongside former presidents Barack Obama and Bill

Clinton. So far, Biden is far out raising Republican former President Donald Trump, but winning

the money race doesn't always translate into winning elections.

Marketplace's Henry Epp has more.

The Biden campaign raised more than twice as much money as the Trump campaign in February

and Thursday night's fundraiser could pad that advantage.

That continues a trend.

Democratic presidential candidates have raised more than their Republican rivals in each presidential

race after 2004, according to Reuters, including 2016, when Democrat Hillary Clinton raised

about twice as much as Trump and lost. and to the last few years Trump has not only fundraised for his campaign but also

to pay legal bills as the New York Times reported this week the former president

has spent over a hundred million dollars on lawyers and other expenses since 2021, most of which came

from donations. And with multiple criminal indictments he faces even more

legal fees in the months to come. I'm Henry Epp for Marketplace.

Back in January we saw I'm Henry Epp for Marketplace.

Back in January we saw a kind of mini surge in inflation up for prices went up

four tenths of a percent and it made a lot of economists do a double take. Well February

has offered some reassurance according to the PCE personal consumption

expenditures price index prices rose three-tenths of a percent in February, which is an improvement.

...