Biden piles cash into DNC, state parties and his campaign in third quarter

📆 2023/10/15 21:03:00

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📆 2023/10/15 21:03:00
📰 NBCNewsHealth

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Monica Alba is a White House correspondent for NBC News.

President Joe Biden’s 2024 campaign, the Democratic National Committee and a joint fundraising organization that raises money for Democrats' state parties collectively raised more than $71 million in the third quarter, according to Biden's re-election effort. The amount is on par with what the operation raised in the second quarter, which was $72 million, when the campaign itself brought in $20 million.

Now, he enjoys the benefits of running as an incumbent, with his political operation bolstered by a fundraising agreement with the DNC and state parties that allows donors to give as much as $929,600 apiece for the so-called Biden Victory Fund, which then parcels the money out across different entities. The Biden effort reported over 240,000 new donors this quarter who did not give to the campaign in 2020.

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