With a third-quarter haul of $71 million, Biden surpasses both Trump and the GOP field

In the third quarter of the year, President Joe Biden and the Democratic Party managed to amass over $71 million for his reelection campaign, surpassing the fundraising efforts of former President Donald Trump and other Republican primary candidates who have disclosed their results up to this point.

The collaborative political operation between the president and the Democratic National Committee concluded the quarter with a total of $91 million, although the precise allocation of this sum between the campaign and the party committee was not disclosed.

Biden came remarkably close to matching the $72 million he raised in the initial fundraising quarter of the year, despite that period being three weeks shorter due to his reelection campaign's late April launch. In contrast, Trump's campaign announced that it currently holds $37.5 million in funds.

It's worth noting that Trump and his Republican primary competitors are not engaged in joint fundraising efforts with the Republican National Committee, and they are subject to stricter contribution limits for major donors compared to Biden and his collaborative approach with the Democratic Party.

Nonetheless, Biden's fundraising in this quarter fell short of the $125 million collected by Trump during the third quarter of 2019 when he was the incumbent president. Biden did, however, surpass the $70 million raised by former President Barack Obama during the same period in 2011.

The campaign reported that over 493,000 donors contributed through 843,000 donations, and the team attracted more than 240,000 new donors who hadn't supported Biden's 2020 campaign, which heavily relied on small-dollar donations. Moreover, the number of donors committed to making monthly contributions has doubled since the last quarter, now totaling over 112,000 individuals.