Joe Biden said he raised $15.2 million for his presidential campaign during the past three months, a drop-off from his initial fundraising foray
By Julie Bykowicz and Ken Thomas Updated Oct. 3, 2019 7:18 pm ET WASHINGTON—Former Vice President that could put him at a disadvantage against some of his Democratic rivals.
The summer months are typically the toughest stretch for traditional fundraising because potential donors, especially those who write the largest checks, head out on vacation and tune out of politics.Other presidential candidates who hold fundraising events, including Mr. Buttigieg, California Sen. Kamala Harris and Colorado Sen. Michael Bennet, also raised less in the third quarter than they did in the second, according to their campaigns.
Mr. Biden’s campaign, however, said that 56% of its donors during the most recent quarter were new to the campaign. About 77% of the $36.2 million Mr. Sanders raised in the first half of the year came from donors giving less than $200. Those low-dollar givers only accounted for 38% of Mr. Biden’s fundraising through June 30.
Despite his national stature, serving for decades as an influential Delaware senator and eight years under President Barack Obama, Mr. Biden has never built a robust financial operation. He raised just over $12 million between his first two presidential bids, in 1988 and 2008. Both times he also drew campaign support from federal funds, something top-tier presidential candidates have stopped doing in more recent years.
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