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Biden raised campaign-best $46.7 million in March

Joe Biden raised $46.7 million in March, his campaign announced Monday , notching his best fundraising month of the campaign — and besting President Donald Trump — as he took control of the Democratic primary.

The fundraising, prompted by Biden’s strong win in South Carolina’s primary on the last day of February and a cascade of Super Tuesday victories, amounted to more than half of what Biden had raised in the entire campaign prior to that month. Biden elevated just over $88 million from the second quarter of 2019 through the end of February.

Biden spent $32.5 million and objective March with $26.4 million in his campaign account, according to a campaign finance report Biden’s campaign filed later Monday evening. That’s far less than the $94 million in Trump’s account at the end of February, as the president has built up cash without having to worry about a competitive primary. The Republican National Committee has also built a large cash-on-hand advantage over the Democratic National Committee.

But Biden and the DNC outraised Trump and the RNC in March. The DNC, buoyed by an $18 million delivery from billionaire Mike Bloomberg’s campaign that triggered a campaign finance complaint, “ve brought” $ 32.7 million in March to the RNC’s $ 24 million. Trump’s campaign has yet to file its March fiscal report, but Republicans had previously said that Trump, the RNC and affiliated fundraising committees conjured $63 million in March, lower than the mixed $79.4 million raised by Biden and the DNC.

It’s unclear if Biden’s fiscal surge will continue at the same pace in the long term, though. Biden said in the March 15 Democratic debate against Bernie Sanders that he had raised $ 33 million to date that month, necessitating his fundraising tailed off in the second half of the year of March, as the coronavirus pandemic prompted stay-at-home orderings, mass unemployment and other large-scale economic interruptions, while also shutting down public campaign events.

The Biden campaign has since shifted to holding online events. But Biden noted in an email to supporters Monday evening that the pandemic may well hamper his campaign’s investments this month and beyond.

“I know that April may not match March in fundraising, and that’s okay by me, ” Biden wrote in an email to supporters. “The world has changed a great deal. It’s unrecognizable at times. Your family and your community need your generosity and strength now more than ever.”

Read more: politico.com

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