Former President Donald Trump may enjoy a slight lead in early polling against President Biden, but the incumbent has a significant lead in another race, which is perhaps just as important this far out from November.

Indeed, Biden’s cash advantage over Trump — currently sitting at roughly $40 million — may prove decisive in a race largely hinging on turnout and whichever campaign can effectively reach and mobilize voters.

Last week, both campaigns filed financial reports with the Federal Election Commission, and the difference is stark: Biden and associated PACs took in $53 million in February, giving the president a total war chest of $155 million. In total, the Biden campaign has said it expects to raise and spend $2 billion.

On top of that, outside groups have pledged more than $1 billion to support Biden’s reelection bid.

For his part, Trump’s campaign recently told Fox News that the campaign and supportive PACs have slightly more than $40 million cash on hand, and according to the New York Times, the former president is having difficulties raising money, despite hosting weekly dinners with big donors at his Mar-a-Lago estate.

It is easy to........

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