Major Trump fundraiser the latest in big bucks battle with Biden

WASHINGTON — Major political donors will gather Saturday in Donald Trump's fiefdom of Palm Beach for a fundraising event that his campaign hopes will mark a new phase in a swaggering, high-stakes race for big money with Joe Biden.

While spending huge sums of money on campaigning may not be something to brag about in some countries, it's often a source of pride for U.S. political candidates.

And this year, raising big bucks is as important as ever, with the November 5 presidential election expected to be the most expensive electoral cycle in U.S. history.