For the last time before the 2024 election year, federal political candidates had to reveal their fundraising to the Federal Election Commission by Sunday night, giving us a peek at who is successfully filling their coffers and getting a leg up in next year’s House, Senate and presidential contests.
Here are seven takeaways from third-quarter political fundraising.
Biden Hopes Fundraising Will Smooth Democratic Nerves, With A Catch
President Joe Biden announced raising $71 million in the third quarter, a total far greater than former President Donald Trump’s haul. The Biden campaign’s press release boasted he had more cash on hand than every Republican competing for the GOP nomination combined.
None of this is wrong, but there’s an obvious reason for it. Biden is the de facto nominee of the Democratic Party, and thus has full control of the Democratic National Committee, giving him access to much, much larger donations than the standard maximum donation of $6,600. The maximum…