Joe Biden is on a spending spree: a 60-second World Series television spot narrated by the actor Sam Elliott; a quarter-of-a-million-dollar Amtrak train lease for a six-city campaign tour through Ohio and Pennsylvania; an almost $4m TV advertising campaign in Texas.
The Democratic presidential candidate can afford such splurges thanks to the fundraising prowess of his campaign, which pulled in $493.8m over the past two months, breaking records and bringing his total haul for 2020 to $761.2m.
Now, with less than two weeks until election day, the Biden campaign has a final task: spending it all. “The goal is to be at zero by election day,” said a person close to the campaign.
Mr Biden’s historic fundraising total could give him an edge in the closing days of the race against President Donald Trump, who is running low on cash. But it does not guarantee success: Hillary Clinton also outraised Mr Trump significantly, but went on to lose in 2016.