Biden touts large July fundraising haul of $140M

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Joe Biden’s presidential campaign says that it and the Democratic National Committee (DNC) and their joint fundraising committees combined brought in $140 million in last month.

The Wednesday evening statement from the former vice president’s campaign also touted that they now have a hefty $294 million in cash on hand as of the end of July, an increase of $50 million in their coffers over the past month.

The $140 million hauled in during July is roughly equal to the $141 million the Biden campaign and the DNC raised in June, which was by far the campaign’s best monthly figure to date.

The Biden campaign – spotlighting its grassroots appeal – said that 97% of contributions in July were from grassroots donors and that the average online contribution was $34.77.

“The Biden campaign is on the march, building off the incredible momentum from this summer with another lights-out fundraising month, banking another $50 million for the final stretch to election day,” campaign manager Jen O’Malley Dillion said in a statement.

The Biden campaign surge in fundraising the past couple of months has helped it narrow the Trump campaign’s once-massive cash on hand advantage. And it’s allowed the Biden campaign in recent weeks to match the Trump campaign in ad spending in the key general election battleground states.

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Earlier Wednesday, the Biden campaign announced it would spend an eye-popping $280 million to run TV and digital commercials in 15 competitive states from Labor Day to Election Day.

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