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

Biden raises $15.2 million in third quarter, trailing Sanders and Buttigieg
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Former Vice President Joe BidenJoe BidenBiden says Trump executive order is 'a reckless war on Social Security' Trump got into testy exchange with top GOP donor Adelson: report Blumenthal calls for declassification of materials detailing Russian threat to US elections 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 SandersThe Memo: Trump team pounces on Biden gaffes The Hill's Campaign Report: US officials say Russia, China are looking to sow discord in election Warren urges investment in child care workers amid pandemic MORE (I-Vt.) and South Bend, Ind., Mayor Pete ButtigiegPete ButtigiegCNN's Ana Navarro to host Biden roundtable on making 'Trump a one-term president' Former Indiana Gov. Joe Kernan dies How Republicans can embrace environmentalism and win MORE, who announced this week that they had raised $25.3 million and $19.1 million, respectively.

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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 WarrenBiden campaign says no VP pick yet after bike trail quip Biden edges closer to VP pick: Here's who's up and who's down Democratic convention lineup to include Ocasio-Cortez, Clinton, Warren: reports 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 Devi HarrisBiden campaign says no VP pick yet after bike trail quip Hillary Clinton roasts NYT's Maureen Dowd over column Biden edges closer to VP pick: Here's who's up and who's down MORE (D-Calif.) raised $11.6 million in the third quarter, her campaign said. Former tech executive Andrew YangAndrew YangProgressive candidate Bush talks about her upset primary win over Rep. Clay Is this the end of the 'college experience'? Biden campaign to take over 'Supernatural' star's Instagram for interview MORE brought in $10 million. 

Sen. Cory BookerCory Anthony BookerSenate Democrats demand answers on migrant child trafficking during pandemic Senate Democrats push to include free phone calls for incarcerated people in next relief package Ex-USAID employee apologizes, denies sending explosive tweets MORE (D-N.J.), who finished the quarter with an aggressive fundraising drive, raked in $6 million, while bestselling author Marianne WilliamsonMarianne WilliamsonMarianne Williamson touts endorsements for progressive congressional candidates The Hill's 12:30 Report: Warren becomes latest 2020 rival to back Biden The Hill's Campaign Report: Biden looks to stretch lead in Tuesday contests MORE announced on Thursday that she had raised $3 million. Sen. Michael BennetMichael Farrand BennetExpanding our health force can save lives and create jobs simultaneously How Congress is preventing a Medicare bankruptcy during COVID-19 Tom Cotton rips NY Times for Chinese scientist op-ed criticizing US coronavirus response MORE (D-Colo.) ended the fundraising period with $2.1 million raised.