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Biden’s campaign anticipated announcing his total on Tuesday, but so many checks from small-dollar donors kept coming in that day that it delayed his team from giving a total until Wednesday.
“We literally couldn’t count the money fast enough. It’s a crazy problem to have,” said one Democratic donor and financier for the Biden campaign who was not authorized to speak on the record.
“Don’t get me wrong: a lot of this is because of Trump. America hates him and people are giving what they can to stop him because they believe,” the donor said. “But you can’t underestimate how well Joe has played this, how important Kamala is to the team or how solid the campaign has been.”
Biden’s new record, pulling in an average of $11.7 million daily, ends any potential speculation that the once-cash-strapped candidate couldn’t raise any money.
Ever since becoming the de facto Democratic presidential nominee in April, when Sen. Bernie Sanders suspended his primary campaign, Biden has been steadily closing a once-yawning cash-on-hand gap with Trump. To start August, Biden and the DNC reported having $294 million in the bank compared with $300 million for Trump.