President Joe Biden‘s 2024 reelection effort continued its steady fundraising dominance in the third quarter of 2023, according to data published Sunday morning by the campaign.
The president’s campaign, the Democratic National Committee, and their joint fundraising committees hauled in $71 million in Q3, roughly 160% of former President Donald Trump‘s take and 475% of Gov. Ron DeSantis’ total.
INFLATION REMAINS ONE OF BIDEN’S MOST PERSISTENT PROBLEMS
Biden heads into Q4 with nearly $91 million cash on hand, more than the expected total for the entire Republican primary field and the most cash on hand “by any Democratic candidate in history at this point in the cycle,” campaign officials claimed.
In total, more than 1.4 million people have donated to Biden so far this cycle, including 240,000 new donors who did not contribute in 2020.
“This quarter’s fundraising haul and historic cash on hand speak to the very real enthusiasm and support President Biden and Vice President Harris continue to build for their reelection bid,” Biden campaign manager Julie Chavez Rodriguez said in a statement. “We are especially proud of our efforts to exponentially grow our grassroots donor base, now having over a hundred thousand Americans signed up to donate on a recurring basis from now until Election Day. These numbers are a testament to one of our core objectives early in this campaign: raise the resources needed to run an aggressive campaign that will win in November 2024.”
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“The numbers speak for themselves: Americans know the stakes of next year’s election and are supporting Team Biden-Harris with the urgency that this election warrants,” DNC Chairman Jaime Harrison said. “While Republicans continue to raise less money and bleed costs in a divisive primary, we are building the infrastructure necessary”
Campaign officials say that, thus far, donations are being directed toward staffing out battleground operations, in addition to “the largest, earliest paid media campaign for a reelection campaign targeting the diverse coalition of voters we know we need to win.”
