Joe Biden and Donald Trump raised far more money for their election campaigns in the third quarter than their presidential rivals, but much less than former presidents at the same phase of previous races, according to federal filings.
Both Biden and Trump raised about $25mn between July and September, putting them well ahead of Florida governor Ron DeSantis and others. But both Barack Obama and Trump himself raised far more during the same months in the year before the 2012 and 2020 elections.
The latest financial figures suggest the 2024 contest is increasingly a two-horse race between two unpopular candidates, a perception that both campaigns reject.
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