Fundraising lifts Democrats in final weeks of U.S. election campaign

Published 10/15/2020, 04:25 PM
Updated 10/15/2020, 04:30 PM
© Reuters. Democratic presidential candidate Joe Biden campaigns in Florida

By Trevor Hunnicutt

NEW YORK (Reuters) - Democrats hoping to capture the U.S. presidency and the Senate have seen a wave of cash from small donors come their way in the final months before the Nov. 3 election.

The Democratic fundraising organization ActBlue reported on Thursday that it collected $1.5 billion on its online platform from July to September, the most it has ever raised in a quarter.

By comparison, WinRed, a major Republican fundraising platform, said on Monday that its platform collected $623.5 million in the third quarter.

The Democratic sum includes donations made to several groups and political candidates as well as the presidential campaign of former Vice President Joe Biden, who looks poised to head into the closing weeks of the race with a financial advantage.

"We've raised more money than I ever thought we could," Biden told donors at a fundraising event on Thursday.

Biden's campaign reported on Wednesday that he and his party raised $383 million in September, a likely record for a presidential campaign that lifted the amount it has to spend to $432 million.

Republican President Donald Trump, who faces Biden in the White House race, has not yet reported a comparable figure.

The president's campaign and the Republican National Committee pulled in $210 million in August. As of Aug. 31, Democrats had $466 million available to spend on the presidential race, compared with $325 million for Republicans.

Democratic fundraising was boosted after Biden's selection of U.S. Senator Kamala Harris of California as his running mate in August and later by the first televised presidential debate and the death of liberal Supreme Court Justice Ruth Bader Ginsburg.

© Reuters. Democratic presidential candidate Joe Biden campaigns in Florida

The biggest day of fundraising during the quarter on ActBlue's platform was Sept. 19, the day after Ginsburg's death, when groups on ActBlue collected $70.6 million.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.