Spoiler alert: It’s bad and it will get worse, too. However, let’s start with the good news, at least from Joe Biden’s perspective. After finally consolidating the non-Bernie Bros track in the Democratic presidential primary, Biden had a banner month at a task at which he normally underperforms. His fundraising last month brought in slightly more than half of all the money he had raised in the entire cycle prior to Super Tuesday.
Even the good news comes with heavy, foreboding caveats, however:
Joe Biden posted his biggest monthly haul of the campaign in March thanks to his sweeping primary victories, raising $46.7 million as donors consolidated around his candidacy after most of the other Democrats dropped out of the presidential race, new filings show.
As Biden shifts his focus to the general election, he faces a steep fundraising gap with President Trump, who has been raising money for his reelection campaign since 2017. Travel and social-gathering restrictions relating to the novel coronavirus pandemic have added new challenges for Biden, as he works to maintain his fundraising momentum as November nears.
These new dynamics were evident in Biden’s March fundraising records. The majority of the money he raised last month came in the first two weeks of March, coinciding with the primary wins that solidified his path to the Democratic presidential nomination. But his fundraising dipped as the campaign went fully virtual to comply with coronavirus social distancing requirements, according to new filings released Monday and figures provided by the campaign.