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 BidenCNN's Anderson Cooper mocks WH press secretary over Fox News interview Yang cautions Democrats: Impeachment might not be 'successful' Ocasio-Cortez: Sanders' heart attack was a 'gut check' moment 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 SandersOcasio-Cortez: Sanders' heart attack was a 'gut check' moment Ocasio-Cortez tweets endorsement of Sanders Ocasio-Cortez throws support to Sanders at Queens rally MORE (I-Vt.) and South Bend, Ind., Mayor Pete ButtigiegPeter (Pete) Paul ButtigiegSenate Democrats want Warren to talk costs on 'Medicare for All' Sanders seeks spark from Ocasio-Cortez at Queens rally Biden seeks to fundraise off fact he's running out of money 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 Ann WarrenTrump says his Doral resort will no longer host G-7 after backlash Ocasio-Cortez: Sanders' heart attack was a 'gut check' moment Ocasio-Cortez tweets endorsement of Sanders 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 HarrisKamala Harris reacts to supporter who got tattoo of her handwriting Even with likely Trump impeachment, Democrats face uphill climb to win presidency Harris campaign releases web video highlighting opposition to death penalty MORE (D-Calif.) raised $11.6 million in the third quarter, her campaign said. Former tech executive Andrew YangAndrew YangYang cautions Democrats: Impeachment might not be 'successful' Yang defends Gabbard: She 'deserves much more respect' Super PAC seeks to spend more than million supporting Yang MORE brought in $10 million. 

Sen. Cory BookerCory Anthony BookerGabbard hits back at 'queen of warmongers' Clinton The Hill's Campaign Report: Biden camp faces new challenges Former public school teacher: Strikes 'wake-up call' for Democratic Party MORE (D-N.J.), who finished the quarter with an aggressive fundraising drive, raked in $6 million, while bestselling author Marianne WilliamsonMarianne WilliamsonThe Hill's Campaign Report: Biden camp faces new challenges 'We lost a giant': 2020 Democrats mourn the death of Elijah Cummings Williamson slams DNC, Tuesday's debate: 'This would all be funny if it weren't so dangerous' MORE announced on Thursday that she had raised $3 million. Sen. Michael BennetMichael Farrand BennetSenate Democrats want Warren to talk costs on 'Medicare for All' The Hill's Campaign Report: Biden camp faces new challenges Bennet reintroduces bill to ban lawmakers from becoming lobbyists MORE (D-Colo.) ended the fundraising period with $2.1 million raised.