President Joe Biden's reelection campaign has announced that it raised an impressive $71 million in the third quarter of the fiscal year.
In addition to this, the campaign reported having nearly $91 million in liquid cash, which they claim is "the highest total amassed by any Democratic candidate in history at this point in the cycle." These numbers include not only direct fundraising from the campaign, but also the haul from joint fundraising committees and the Democratic National Committee's fundraising.
The president's reelection campaign officially launched in April and saw over $72 million raised in the second quarter. At that time, they reported having $77 million in cash on hand. Biden's team also highlighted that they brought in more than 240,000 new donors who did not contribute to his last campaign since April and have gained over 112,000 committed monthly donors.
Campaign manager Julie Chavez Rodriguez expressed pride in their efforts to grow their grassroots donor base, with over a hundred thousand Americans signed up to donate on a recurring basis until Election Day. She stated, "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."
The statement from Biden's team also boasted that they have "significantly" outpaced all of the Republican 2024 presidential campaigns in fundraising. Furthermore, they projected that their cash on hand is expected to surpass the combined total of all the GOP campaigns.
In comparison, former President Donald Trump leads the Republican Party in fundraising, having raised over $45 million in the third quarter. Florida Gov. Ron DeSantis raised $15 million, while former South Carolina Gov. Nikki Haley raised $11 million.
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