SPONSORED:

Biden raises $15.2 million in third quarter, trailing Sanders and Buttigieg

Biden raises $15.2 million in third quarter, trailing Sanders and Buttigieg
© UPI Photo

Former Vice President Joe BidenJoe BidenLawsuit alleges 200K Georgia voters were wrongly purged from registration list GOP lawmaker blasts incoming freshman over allegations of presidential voter fraud Haaland has competition to be first Native American to lead Interior  MORE raised $15.2 million in the third quarter of 2019, his campaign announced on Thursday, a substantial sum that puts him among the Democratic presidential field’s top-tier fundraisers but behind some of his closest rivals.

That fundraising haul falls short of the more than $22 million Biden raised in the second quarter of the year — his first on the campaign trail. It’s also less than the third-quarter totals of at least two of his rivals, Sen. Bernie SandersBernie SandersFormer Sanders press secretary: 'Principal concern' of Biden appointments should be policy DeVos knocks free college push as 'socialist takeover of higher education' The Hill's 12:30 Report — Presented by Capital One — Giuliani denies discussing preemptive pardon with Trump MORE (I-Vt.) and South Bend, Ind., Mayor Pete ButtigiegPete ButtigiegJuan Williams: Clyburn is my choice as politician of the year 'Biff is president': Michael J. Fox says Trump has played on 'every worst instinct in mankind' Buttigieg: Denying Biden intelligence briefings is about protecting Trump's 'ego' MORE, who announced this week that they had raised $25.3 million and $19.1 million, respectively.

ADVERTISEMENT

Biden’s campaign touted strong grassroots fundraising numbers. Ninety-eight percent of all contributions to his campaign were less than or equal to $200, and the average donation was $44, his campaign said. The campaign did not say how much cash it has on hand.

But Biden has maintained a frequent presence at high-dollar fundraising events and among the wealthy donors who have long held sway in presidential politics. He attended more than a dozen fundraisers in the final weeks of the third quarter. 

Greg Schultz, Biden’s campaign manager, said the campaign had enough money on hand to scale up operations as it heads into the critical fall season, when the pace of campaigning typically ramps up.

“Today’s fundraising totals put the campaign in a strong position as we enter the fall,” Schultz said. “The question any campaign faces at this point is whether or not you have the resources to compete in early states and sustain your efforts beyond. Our campaign unequivocally does and builds on our strength each week.”

The fundraising announcement came hours after Biden’s campaign announced a $6 million coordinated media effort in the four early primary and caucus states. That includes paid advertising on prime-time television and on digital platforms, like Hulu and YouTube.

While his third-quarter haul is likely more than enough to power his campaign through the crucial three-month period ahead, it suggests that financial support for Biden may be slowing at a time when one of his rivals, Sen. Elizabeth WarrenElizabeth WarrenDespite veto threat, Congress presses ahead on defense bill Overnight Defense: Defense bill moving forward despite Trump veto threat over tech fight | Government funding bill hits snag | Top general talks Afghanistan, Pentagon budget Katie Porter in heated exchange with Mnuchin: 'You're play-acting to be a lawyer' MORE (D-Mass.), is on the rise.

A spate of national and early state polls have shown her gaining on — and even surpassing — Biden in recent weeks. She has yet to disclose her third-quarter fundraising total. Candidates have until Oct. 15 to file financial reports with the Federal Election Commission (FEC). 

Speaking at a private fundraiser in Palo Alto, Calif., on Thursday, Biden announced his third-quarter total and reminded donors that the quarter stretched through “the middle of summer,” a time when the pace of fundraising typically slows. 

Still, Biden’s fundraising haul was markedly higher than several other Democratic contenders. Sen. Kamala HarrisKamala HarrisMiddle East: Quick start for Biden diplomacy Hillicon Valley: GOP chairman says defense bill leaves out Section 230 repeal | Senate panel advances FCC nominee | Krebs says threats to election officials 'undermining democracy' Top intelligence official says China targeting foreign influence at incoming Biden administration MORE (D-Calif.) raised $11.6 million in the third quarter, her campaign said. Former tech executive Andrew YangAndrew YangGroups seek to get Black vote out for Democrats in Georgia runoffs Media and Hollywood should stop their marching-to-Georgia talk Andrew Yang: Democrats need to adopt message that government is 'working for them' MORE brought in $10 million. 

Sen. Cory BookerCory BookerBiden budget pick sparks battle with GOP Senate Policy center calls for new lawmakers to make diverse hires Dangerously fast slaughter speeds are putting animals, people at greater risk during COVID-19 crisis MORE (D-N.J.), who finished the quarter with an aggressive fundraising drive, raked in $6 million, while bestselling author Marianne WilliamsonMarianne WilliamsonMarianne Williamson discusses America's "soulless ethos" Marianne Williamson discusses speaking at People's Party Convention Fewer people watched opening night of Democratic convention compared to 2016 MORE announced on Thursday that she had raised $3 million. Sen. Michael BennetMichael Farrand BennetThe Hill's Morning Report - Presented by Mastercard - GOP angst in Georgia; confirmation fight looms Overnight Health Care: Moderna to apply for emergency use authorization for COVID-19 vaccine candidate | Hospitals brace for COVID-19 surge | US more than doubles highest number of monthly COVID-19 cases Bipartisan Senate group holding coronavirus relief talks amid stalemate MORE (D-Colo.) ended the fundraising period with $2.1 million raised.