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Biden at a New Hampshire town hall on Dec. 30. Photo: Scott Eisen/Getty Images

Joe Biden's 2020 presidential campaign said Thursday that his campaign raised $22.7 million in 2019's fourth quarter, the most he's raised in a single quarter since announcing his bid for the presidency.

Where it stands: Biden's Q4 total places him behind Sen. Bernie Sanders ($34.5 million) and Pete Buttigieg ($24.7 million), but ahead of Andrew Yang ($16.5 million) and Rep. Tulsi Gabbard ($3.4 million). The other candidates have not yet announced their Q4 fundraising hauls.

Details: The campaign says it has doubled its online fundraising and that 57% of its Q4 donors were first-time contributors, according to its Thursday press release to supporters.

  • The campaign's average digital revenue per day increased by 121% during impeachment compared to previous weeks, per the release.
  • Biden says he received an average online contribution of $23 and an overall average contribution of $41.
  • Biden's campaign manager expects the next eight weeks to be the most expensive weeks of the primary for Biden "due to heavy staff investment" in the first four states of the primary — Iowa, New Hampshire, Nevada and South Carolina — and Super Tuesday efforts.

What they're saying:

“These numbers clearly demonstrate Donald Trump’s lies and attacks on the Vice President have only cemented and expanded his support, serving as a constant reminder to Democratic primary voters that Trump is terrified by the idea of facing Joe Biden in a general election.
We’re also seeing significant support from Democrats who previously supported other candidates and are now rallying behind the candidate they believe can bring the country together and beat Donald Trump.” 
— Greg Schultz, Biden's campaign manager

Go deeper

Dems race to address, preempt stimulus fraud claims

Illustration: Aïda Amer/Axios

Biden officials are working to root out the systematic fraud in unemployment and Paycheck Protection Program claims that plagued the Trump administration’s efforts to boost the economy with coronavirus relief money, Gene Sperling told House committee chairmen privately this week.

Why it matters: President Biden just signed another $1.9 trillion of aid into law, with Sperling tapped to oversee its implementation. And the administration is asking Congress to approve another $2.2 trillion for the first phase of an infrastructure package.

2 hours ago - Politics & Policy

Scoop: Biden close to picking Nick Burns as China ambassador

Nicholas Burns. Photo: Alex Wong/Getty Images

Nicholas Burns, a career diplomat, is in the final stages of vetting to serve as President Biden’s ambassador to China, people familiar with the matter tell Axios.

Why it matters: Across the administration, there's a consensus the U.S. relationship with China will be the most critical — and consequential — of Biden's presidency. From trade to Taiwan, the stakes are high. Burns could be among the first batch of diplomatic nominees announced in the coming weeks.

Biden's Russian sanctions likely to achieve little

President Biden announces new sanctions against Russia. Photo: Chip Somodevilla/Getty Images

Despite bold talk from top administration officials, there's little reason to think the Russia sanctions package President Biden announced Thursday will do anything to alter Russian President Vladimir Putin's behavior or calculus.

Why it matters: While it's true some elements of the package — namely, the targeting of Russia's sovereign debt — represent significant punitive measures against Moscow, it leaves plenty of wiggle room for the Russian president.