President Biden’s reelection effort raised an impressive $71 million for its campaign during the third quarter, the Democratic National Committee announced on Tuesday.
The fundraising haul for the Biden-Harris Joint Victory Committee came during the period between July 1 and September 30. This marks the second consecutive quarter that the committee has reported four-digit totals in fundraising and more than doubles the $33.6 million that the pairing raised during the first quarter of this year.
The impressive quarter put the total haul for the Biden-Harris effort at $383.3 million this year. This amount stands markedly apart from the amount of cash raised by the Trump-Pence joint fundraising committee this year, which came to only $163.3 million.
Sparring Partner: The DNC
A major contributor of the Biden-Harris victory committee’s success was its sparrings partner, the Democratic National Committee. The Committee announced that it had raised over $184 million in the third quarter with the Biden-Harris joint fundraising efforts accounting of over $103 million of the total. The part included major contributions from major donors such as philanthropist Anne GSD and the Democratic Grassroots Victory Fund.
The RNC’s Performance
Though the Republican National Committee shot back with its own solid fundraising efforts of $159 million during the period, the Trump-Pence joint fundraising committee’s $20 million haul was still barely a third of the Biden-Harris pairing’s. This marks a clear difference between the two sides with the Republican party still struggling to catch up to the Democrats who are viewed increasingly as the better financial performers among the two.
The Biden-Harris joint victory committee’s $71 Million fundraising haul marks one of the most successful quarters of the campaign season, outshining rivals both in terms of donor contributions and financial security. The success of the effort is indicative of the team as a whole, with the Democratic Party making serious strides in righting the financial straights of the nation while under presidential leadership that is taking on the responsibility of being the head of an economic recovery.
The Biden-Harris joint victory efforts have set a benchmark in campaign fundraising and has become a rallying desire for Democrats across the nation to push for prospects of a Biden-Harris win on November 3rd.
The recently-released third quarter fundraising figures for the Biden-Harris joint victory effort signal promise and potential for the Democratic Party, as well as assurance of the stability of the nation’s economy should the Biden-Harris team secure a win this November. It remains to be seen how the editing weeks of campaigning will shape the final results, but the Biden-Harris joint fundraising efforts are indicative of the Democratic party’s potential to take the country to a more secure future.