Biden raises $15 million during third quarter

By Maggie Severns

Joe Biden raised $15.2 million during the past three full months of his presidential bid, less than his rivals Bernie Sanders and Pete Buttigieg and $7 million less than his own campaign raised during the previous fundraising quarter.

Biden released the total during a difficult moment for his campaign. He is under a barrage of attacks by President Donald Trump over his son Hunter Biden’s dealings with Ukraine while Biden oversaw U.S. policy toward the country. And he has seen his status in the polls slip as Elizabeth Warren slowly gains status as the new potential front-runner in the Democratic primary race.

The former vice president announced the figures during a high-dollar fundraiser in California’s Silicon Valley on Thursday. He emphasized that he had raised the $15.2 million “in the middle of summer,” a time when wealthy donors often head out of town on vacation and are disinclined to write checks to campaigns.

Biden’s summer fundraising slump points to his campaign’s current reliance on these wealthy donors. Sanders and Buttigieg have both built large bases of donors online.

Sanders brought in $25.3 million in the quarter that lasted from July through the end of September, while Buttigieg — who has a base of donors both online and for high-dollar, in-person events — raised $19.1 million, according to totals released by the campaigns.

The Biden campaign said 56 percent of its donors in the most recent quarter were new supporters. The average donation of $44.

“The question any campaign faces at this point is whether or not you have the resources to compete in early states and sustain your efforts beyond,” Biden campaign manager Greg Schultz said in a statement. “Our campaign unequivocally does and builds on our strength each week.”