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Biden announces record $383 million fundraising haul for September

October 15, 2020. Summarized by summa-bot.

Democratic presidential nominee Joe Biden announced Wednesday evening that his campaign raised a record-breaking $383 million in September, its second straight historic monthly fundraising haul as the campaign nears Election Day.

(CNN)Democratic presidential nominee Joe Biden announced Wednesday evening that his campaign raised a record-breaking $383 million in September, its second straight historic monthly fundraising haul as the campaign nears Election Day. The September total surpasses Biden's August haul of $364. 5 million, which the campaign then categorized as "the best month of online fundraising in American political history. " The former vice president's campaign has raised three-quarters of a billion dollars in just two months, a colossal amount of fundraising that has helped heap pressure on President Donald Trump's campaign to keep up.

However, a combination of heavy spending and increased donations sparked by the Democratic National Convention and the addition of Sen. Kamala Harris to the Democratic ticket in August helped Biden's campaign overtake the President's reelection bid by more than $141 million.

Over half of the money raised -- $203 million -- came from online donors, O'Malley Dillon said, and the campaign added 1. 1 million new donors last month alone, accounting for 20% of their total of 5. 5 million donors throughout the entire campaign.

After a handful of good fundraising quarters, Biden began closing the cash-on-hand gap with the Trump campaign this summer.

Biden, along with the Democratic National Committee and joint committees, ended August with $466 million cash on hand, while Trump and the Republican National Committee had $325 million.

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