Presidential Fundraising
President Joe Biden and the Democratic National Committee (DNC) maintained their fundraising momentum in the third quarter of 2023, amassing $71 million, while former President Donald Trump continued to dominate the GOP field, raising $45.5 million. Florida Governor Ron DeSantis’ fundraising slowed slightly, bringing in $15 million.
Biden and DNC
• Raised $71 million in the third quarter • $91 million cash on hand • 97% of donations from small-dollar donors
• Raised $45.5 million in the third quarter • $37.5 million cash on hand • Aggressive fundraising strategy centered on legal battles
DeSantis
• Raised $15 million in the third quarter • $5 million available for GOP primary • Fundraising slowed compared to second quarter
The article highlights the intense presidential fundraising efforts underway as the 2024 presidential election approaches. Biden and the DNC are banking on small-dollar donors, while Trump is leveraging his legal battles to energize his base. DeSantis, despite a slight dip in fundraising, remains a formidable contender.
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