Updated Oct 16, 2019

Trump campaign, RNC say they raised record-breaking $125 million in Q3

Trump leaves a rally in Fayetteville, North Carolina, Sept. 9. Photo: Preston Ehrler/SOPA Images/LightRocket via Getty Images

President Trump's re-election campaign and the Republican National Committee said they raised $125 million in the third quarter of 2019 on Tuesday, setting a new presidential fundraising record, with $158 million combined cash on hand.

Context: Former President Obama and the Democratic National Committee raised approximately $70 million for his re-election campaign in 2011's third quarter. "Trump is going to have more resources to deploy earlier and more aggressively than any candidate in history," Dan Pfeiffer, a former senior adviser to Obama, tweeted in response to the news on Oct. 1, when the campaign first announced the haul.

  • Trump's re-election campaign said it received 1,056,126 individual donations in Q3, of which roughly 98% were $200 or less, and an average donation of $44.50.
  • The campaign spent just over $2 million on legal consulting in Q3 — the most it has ever spent in any single quarter, ProPublica's Derek Willis reports.

The big picture: Sen. Bernie Sanders thus far leads all 2020 Democrats in Q3 fundraising, with a $25.3 million haul and $33.7 million cash in hand.

  1. Sen. Bernie Sanders: $25.3 million
  2. Sen. Elizabeth Warren: $24.6 million
  3. Mayor Pete Buttigieg: $19.1 million
  4. Former Vice President Joe Biden: $15.2 million
  5. Sen. Kamala Harris: $11.6 million
  6. Former tech executive Andrew Yang: $10 million
  7. Sen. Cory Booker: $6 million
  8. Former Rep. Beto O'Rourke: $4.5 million
  9. Author Marianne Williamson: $3 million
  10. Sen. Michael Bennet: $2.1 million

Editor's note: This piece has been updated with the latest information.

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2020 candidates' Q3 fundraising hauls

President Trump's re-election campaign and billionaire Democrat Tom Steyer reported the highest Q3 receipts, while Sen. Bernie Sanders is in third place across all candidates. 95.9% of Steyer's receipts came from his own personal funds, per FiveThirtyEight.

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Sanders and Warren hold big lead in the 2020 money race

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Bernie Sanders and Elizabeth Warren have stockpiled millions more than their rivals, including Joe Biden, the AP reports.

Why it matters: The campaign is entering a stretch where having cash on hand can allow candidates to scale up their operations and make a splash nationwide — especially because the first votes in Iowa and New Hampshire are now less than 4 months away.

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Buttigieg and Klobuchar rake in over $1 million each in 24 hours after debate

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2020 Democratic presidential candidates Sen. Amy Klobuchar and Mayor Pete Buttigieg raised more than $1 million each in campaign donations in less than 24 hours after Tuesday's debate in Ohio, according to the New York Times.

Between the lines: Buttigieg and Klobuchar, who have both positioned themselves as moderates in the Democratic field, were two of the candidates to go hardest after progressive frontrunner Sen. Elizabeth Warren, especially on how she would pay for her Medicare for All health care plan. With a weakened Joe Biden reporting rather anemic Q3 fundraising numbers, the two Midwesterners are looking to siphon off moderate support.

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