US elections 2020- Joe Biden raises record $383 million in September

Business Standard US elections 2020: Joe Biden raises record $383 million in September

Democratic presidential nominee Joe Biden raised $383 million for his election effort in September, a record-breaking sum that eclipses the unprecedented fundraising from the previous month.

US Election 2020: Democratic presidential nominee Joe Biden raised USD 383 million for his election effort in September, a record-breaking sum that eclipses the unprecedented fundraising from the previous month.

The haul, announced Wednesday night, leaves him with USD 432 million in the bank just weeks before the November 3 election.

He raised the money in conjunction with the Democratic National Committee.

The gobs of cash Joe Biden has raised since securing the nomination amount to a complete reversal in fortune for the former vice president.

During the Democratic primary, he struggled to raise cash and was almost broke by the time he won the South Carolina primary, which catapulted him to a commanding Super Tuesday performance.

In the months since, a flood of donations and low spending has enabled him to eclipse President Donald Trump's once-formidable cash reserves. Biden's campaign and the DNC raised USD 364 million in August.

In the tweet announcing his September haul, Biden thanked his supporters and said he was humbled.

He added: There's still more work to be done, but I wanted to share the good news. The Trump campaign hasn't yet released their September fundraising numbers.