President Joe Biden and the Democratic National Committee raised more than $71 million for his re-election bid in the three months ending Sept.
Additionally, Biden’s campaign and party reported raising more than $72 million in the 10 weeks since the president made his official campaign announcement on April 25 and June 30, when the second quarter ended.
Both totals include donations to Biden’s campaign and a web of fundraising deals with national and state parties. The campaign said Democrats had $91 million in cash on hand at the end of last month, the highest total a Democrat has had at this point in an election cycle.
“This quarter’s fundraising and historic cash on hand speaks to real enthusiasm and support,” Julie Chávez Rodríguez, Biden’s campaign manager, said in a statement. “These numbers are a testament to one of our main goals at the start of this campaign: raising the resources needed to run an aggressive campaign to win in November 2024.”
Biden’s total did not surpass the figure of the last Democratic president, Barack Obama, who raised $85.6 million in affiliated Democratic entities during the April-June 2011 quarter, when he launched his campaign for second term.
Trump’s 2024 campaign announced last week that it raised more than $45.5 million in the three months ending Sept. 30, without the benefit of the national Republican Party or party entities.
Trump has built an early lead over his rivals in the 2024 Republican primary and has seen his fundraising remain strong despite four indictments that leave him facing 91 charges in criminally misappropriated his campaign finances.