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Biden teases a USD 19.8M fundraising haul for this quarter

AP  |  Washington 

Joe Biden touted fundraising figures on Monday that suggest he has taken in at least USD 19 million this quarter, a sum that if true would top what all of his leading rivals raised during the last period.

With nearly two weeks to go before the end of the second quarter, the former vice president told attendees at a New York fundraiser that he's accepted contributions from 360,000 donors, who gave an average of USD 55 apiece.

The math suggests Biden collected about USD 19.8 million. Multiple people in Biden's campaign declined to confirm on Tuesday how much he has raised since entering the race in April.

But the figure is sure to draw notice from rival campaigns, who are preparing for next week's debates while furiously trying to raise money before the pivotal second quarter draws to a close.

Those numbers, which will be made public July 15, will be an indicator of which candidates in the crowded 2020 primary will have the resources to last. They will also reveal who is on track to reach the fundraising thresholds set by the Democratic National Committee to qualify for the next round of debates.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 19 2019. 01:05 IST