Biden Campaign Raises Over $71 Million in Third Quarter, Doubling Trump’s Warchest

President Joe Biden’s 2024 re-election campaign has raised more than $71 million in the third quarter of 2023, according to the Democratic National Committee and a joint fundraising organization. This amount is on par with the $72 million raised in the second quarter, and has allowed the campaign to more than double the cash on hand of former President Donald Trump, who announced he had $37.5 million available in his warchest.

The Biden campaign now has $91 million on hand across its fundraising entities, with nearly $91 million cash on hand as it prepares for a massive re-election effort. Trump’s campaign says he raised $45.5 million in the third quarter, far outpacing his second quarter total of $33 million.

The Biden campaign did not disclose how much money the campaign committee specifically raked in this quarter, which will be disclosed in a filing with the Federal Election Commission later Sunday. However, the campaign did note that the $71 million was raised collectively by the campaign, the Democratic National Committee and a joint fundraising organization that raises money for Democrats’ state parties.

The Biden campaign is confident that the funds raised in the third quarter will help them to continue to build their warchest and prepare for the 2024 election. The campaign has been actively fundraising since Biden took office in January, and has seen a steady increase in donations over the past few quarters. With the funds raised in the third quarter, the Biden campaign is well-positioned to continue to build its warchest and prepare for the 2024 election.