The president extends his advantage over Republican rivals, while falling short of his predecessors at this point in campaign.
President Biden walks to Marine One on the South Lawn of the White House on Sept. 15. President Biden’s campaign announced raising $71 million in the third fundraising quarter of the year, giving him a significant advantage over the current Republican field while falling short of the inflation-adjusted hauls of Barack Obama and Donald Trump at the same point in their reelection efforts.
A Biden adviser said that from April to June, the grass-roots fundraising program made up about one-third of the entire amount raised. Between July to September, 49 percent of revenue came from the grass-roots program. A Biden team member said that number outperformed expectations of about 36 percent to 37 percent coming from the smaller-dollar program in the third quarter.
The Biden haul roughly matches the $70.1 million that Obama raised during the same period in 2011, but falls short in inflation-adjusted terms. To have the same spending power as $70.1 million in 2011, Biden and his allies would need to raise $95 million in today’s dollars, according to the Bureau of Labor Statistics.
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