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| Biden Campaign Raises $71.3 Million, Far Outpacing Trump and Republican Field | Biden Campaign Raises $71.3 Million, Far Outpacing Trump and Republican Field |
| (3 days later) | |
| President Biden’s re-election campaign announced on Sunday it had raised a combined $71.3 million alongside the Democratic National Committee and a joint fund-raising committee during the three-month period that ended in September, a haul that eclipses what his Republican rivals have amassed but falls short of where President Donald J. Trump was at this point four years ago. | President Biden’s re-election campaign announced on Sunday it had raised a combined $71.3 million alongside the Democratic National Committee and a joint fund-raising committee during the three-month period that ended in September, a haul that eclipses what his Republican rivals have amassed but falls short of where President Donald J. Trump was at this point four years ago. |
| The campaign said the three fund-raising vehicles had a combined $90.5 million in cash on hand. It did not disclose how the cash was divided between the three fund-raising vehicles. | The campaign said the three fund-raising vehicles had a combined $90.5 million in cash on hand. It did not disclose how the cash was divided between the three fund-raising vehicles. |
| “It was a spectacular quarter,” said Jeffrey Katzenberg, the Hollywood mogul whom Mr. Biden named a co-chairman of his campaign, said in an interview Saturday. “It certainly exceeded our own expectations around it significantly. The fact that we’re sitting with $91 million in the bank today is really an extraordinary advantage.” | “It was a spectacular quarter,” said Jeffrey Katzenberg, the Hollywood mogul whom Mr. Biden named a co-chairman of his campaign, said in an interview Saturday. “It certainly exceeded our own expectations around it significantly. The fact that we’re sitting with $91 million in the bank today is really an extraordinary advantage.” |
| But Mr. Biden’s fund-raising haul is well short of the $125 million Mr. Trump and the Republican National Committee raised during the same period of his 2020 re-election campaign. And it is just a touch more than the $70.1 million President Obama and the D.N.C. raised at this point in his 2012 campaign — at a time when individual contribution limits were far lower than they are today. | But Mr. Biden’s fund-raising haul is well short of the $125 million Mr. Trump and the Republican National Committee raised during the same period of his 2020 re-election campaign. And it is just a touch more than the $70.1 million President Obama and the D.N.C. raised at this point in his 2012 campaign — at a time when individual contribution limits were far lower than they are today. |
| Mr. Katzenberg, in the interview, dismissed comparisons to such campaigns as “comparing apples to submarines.” | |
| Comparisons with Mr. Obama’s fund-raising efforts for the 2012 campaign are indeed imprecise, because a 2014 Supreme Court decision and other legal changes now allow candidates and parties to form joint fund-raising committees that can accept single donations of nearly $1 million. In 2012, Mr. Obama and the D.N.C. could collect only $30,500 per person. |