Biden fundraising juggernaut topples traditional view that incumbents raise more

Trump and Republicans raise $247.8 million in September, while Biden stockpiles $383 million
Fundraising Istock
(iStock Images)

WASHINGTON, D.C. (WKBT) — President Donald Trump’s campaign and Republicans raised $247.8 million in September — a seemingly princely sum and better than the month before.
But that tally lagged far behind Democratic challenger Joe Biden, who raised $383 million over the same stretch, according to federal campaign finance reports.
Trump’s campaign, the Republican National Committee and its joint fundraising committees finished the month with $251.4 million cash on hand. By comparison, Biden reported having $432 million in the bank just weeks before the Nov. 3 election.
Despite the flagging donations, Trump campaign spokesman Tim Murtaugh insisted that the president is hitting the “final stretch with strength, resources, record and huge ground game needed to spread message and secure re-election.”
Trump and Republicans jointly raised $210 million in August, while the Democrats and Biden raised a record $364.5 million.
Political observers credited a boost in donor enthusiasm following the death of Supreme Court Justice Ruth Bader Ginsburg and Trump’s generally panned performance in the first presidential debate for Biden’s fundraising coup.
The results run contrary to conventional wisdom, which generally holds that incumbent presidents traditionally out-raise their rivals by far.
The president’s campaign had hoped to have well-stocked war chest to swamp the airwaves and internet with Trump ads. But Biden outspent him on advertising by more than $10 million, according to the ad tracking firm Kantar/CMAG.
Meanwhile, the Democratic fundraising organization ActBlue said Thursday it collected $1.5 billion online from July to September, setting a record for fundraising in one quarter.
On the other side of the aisle, the major Republican fundraising platform WinRed said this week that it collected $623.5 million during the same period.

This report contains information from other wire services.