Trump aims to level playing field in fundraising battle with Biden as GOP billionaires come to the rescue

Former President Donald Trump significantly trails President Biden in the crucial dash for campaign cash, but he is hoping to level the playing field with the formation of a joint fundraising committee with the Republican National Committee (RNC).

The committee, titled the Trump National Committee JFC, filed a statement of organization on Wednesday with the Federal Elections Commission.

Trump, who clinched the GOP presidential nomination last week and is now the Republican Party's 2024 presumptive nominee, has taken control of the RNC and installed allies in the national party committee's top leadership positions.

The move comes as Trump aims to catch up to Biden in the fundraising race.

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According to the latest filings this week with the Federal Election Commission, Biden's re-election campaign outraised the Trump campaign by a two-to-one margin last month and enjoyed a $71 million to $34 million cash-on-hand advantage as of the end of February.

The fundraising reports from both Biden and Trump didn't include details on the myriad of other joint fundraising committees the two White House titans are also relying on to haul in campaign cash. Filings covering those fundraising ventures will be made public late next month.

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Meanwhile, the Democratic National Committee outraised the Republican National Committee by nearly $6 million last month. The DNC reported $26.5 million in its coffers at the end of February, compared to $11.3 million cash-on-hand for the RNC.

Biden's campaign taunted Trump over the fundraising figures.

"If Donald Trump put up these kinds of numbers on ‘The Apprentice,’ he’d fire himself,"