Biden War Chest Adds $71 Million in Third Quarter

(LibertySociety.com) – President Biden’s reelection campaign efforts certainly paid off during the third quarter of fundraising this year, boasting a $71 million total. While former presidents Donald Trump and Barack Obama reported a larger sum during the same time when vying for reelection, his campaign brought in over $25 million more than former President Trump’s campaign. However, other GOP candidates have been raking in millions of dollars from donors who would likely shift future donations to the Republican primary victor.

President Biden’s donations are from a combination of Democratic fundraising groups, including his own campaign, the Democratic National Committee (DNC), as well as three other joint fundraising committees. Officials from the Biden campaign did not disclose to the media the total that was spent during the third quarter, but the public filings with the Federal Election Commission (FEC) showed that his campaign spent a whopping $57 million over the last three months. This spending marks a drastic increase from the measly $1.1 million spent during the second quarter.

Millions of dollars were shelled out to run television and social media advertisements. Other funding was spent on a significant increase in campaign staff, especially at the campaign’s Wilmington, Delaware headquarters. Despite two quarters of nearly identical amounts of donations, Biden’s campaign is struggling with small, grassroots donations. The campaign did not report the amount of grassroots donations in its disclosure. Last quarter, his campaign brought in just 10.2 million from grassroots donors, which is around half of what former President Obama brought in during his reelection campaign in the same quarter.

During the 2020 election cycle, small donors withheld their donations until after the primary election, which could be the case this time around. Former President Trump raised more than double the amount of any other GOP candidate during the second quarter. Florida Governor and presidential candidate Ron DeSantis raised $15 million. South Carolina Senator Tim Scott and Nikki Haley have also built up a strong campaign coffer this campaign season.