Biden Raised Nearly $10 Million During Chaotic Debate With Trump
Tuesday’s chaotic presidential debate produced a surge of cash for Joe Biden from Democratic grassroots donors.
(Bloomberg) -- Tuesday’s chaotic presidential debate produced a surge of cash for Joe Biden from Democratic grassroots donors, who poured nearly $10 million into his campaign between 9 p.m. and midnight.
Biden had his best hour of fundraising in the campaign as the verbal slugfest was winding down, taking in $3.8 million between 10 p.m. and 11 p.m., according to a Biden campaign official, 85% of which came via mobile phones.
The campaign received more than 215,000 donations in the three-hour time period, said the official, who asked not to be named because he does not speak for the campaign. There were 60,000 first-time donors. The fundraising totals were first reported by Politico.
President Donald Trump’s campaign has not released figures on its post-debate fundraising.
In August, Biden and the Democratic National Committee erased the financial advantage that Trump’s re-election effort held through the campaign, raising a record-breaking $365 million and ending the month with $466 million in the bank. Trump’s campaign, the Republican National Committee and two joint fundraising committees that support both entities had $325 million in the bank.
The cash advantage has allowed Biden to widely outspend Trump in September. The former vice president has spent nearly $170 million on advertising, including digital, over the month compared to $68 million for Trump’s campaign, according to Advertising Analytics. Trump has cut advertising in some key battleground states while Biden has expanded spending in key markets.
The campaigns next report detailed information on their fundraising and spending to the Federal Election Commission on Oct. 20, exactly two weeks before the Nov. 3 election.
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