Biden Rakes in $46.7 Million, Lags Far Behind Trump

April 21, 2020 Updated: April 21, 2020

Presumptive Democratic presidential nominee Joe Biden saw his best fundraising month of the election cycle in March, raking in $46.7 million, according to his campaign.

Biden is the final Democratic 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.

But he has much less cash than his rival, President Donald Trump.

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 more than $212 million in the first quarter of this year, including more than $63 million in March alone.

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

Joe Biden
Democratic presidential candidate and former U.S. Vice President Joe Biden during a virtual town hall on April 8, 2020. (JoeBiden.com via Getty Images)
President Donald Trump
President Donald Trump addresses the daily CCP virus task force briefing at the White House in Washington on April 17, 2020. (Reuters/Leah Millis)

DNC and RNC

The Democratic National Committee (DNC) hauled in $32.7 million in March, but more than half of that was from the campaign of billionaire Michael Bloomberg, who ended his presidential campaign in March.

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

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

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

Follow Zachary on Twitter: @zackstieber