Biden rakes in $46.7 million, lags far behind Trump

Zachary Stieber

The Epoch Times

Presumptive Democratic presidential nominee and former Vice President Joe Biden saw his best fundraising month during this election cycle, raking in $46.7 million in March, according to his campaign. But he has much less cash than his rival, President Donald Trump.

Biden is the final candidate left in the field after Sen. Bernie Sanders, I-Vt., quit his campaign.

"This virus has changed our campaign. But it hasn't changed the unwavering support we've gotten from all of you. Together, we're going to defeat Trump," Biden said in a statement.

Biden's fundraising haul came after he had drawn in some $88 million since announcing his bid for the presidency in mid-2019.

The former vice president's campaign spent $32.5 million in March and ended the month with $26.4 million on hand, according to a campaign finance report.

Trump had more than $98 million on hand at the end of March for his reelection effort, according to a federal filing. Trump raised $13 million across the month of March, according to the filing.

But a joint effort by Trump's campaign and the Republican National Committee raised over $212 million in the first quarter of this year, including more than $63 million in March alone.

The joint effort had over $240 million on hand at the end of March, according to a statement.

The Democratic National Committee hauled in $32.7 million in March, but more than half of that was from the campaign of billionaire Michael Bloomberg. The owner of Bloomberg LP, Bloomberg was vying for the Democratic presidential nomination before dropping out in March.

After dropping out, he transferred $18 million to the DNC.

Americans for Public Trust, a nonprofit that provides oversight of the government, and the pro-Trump Great America PAC filed complaints with the Federal Election Commission over the transfer, alleging the exchange of money exceeds federal limits on campaign contributions.

The Republican National Committee said Monday, April 20, it brought in $24 million in March, a figure apparently separate from its fundraising efforts with the Trump campaign.

Reprinted with permission of The Epoch Times.