Biden's war chest swells as donors, many in California, grow increasingly alarmed by Trump
Biden’s war chest swells as donors, many in California, grow increasingly alarmed by Trump
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Suddenly, Biden is raking in cash at a breathtaking clip, reducing worries among Democrats that his campaign would be overwhelmed by the war chest amassed by President Trump.
“In the last week it has really come loose,” said former California State Controller Steve Westly, a major Biden fundraiser. “Trump is more erratic than ever. People are afraid. ... They are writing checks.”
At the same time that big donors, many of them from California, are digging into their wallets for Biden, he is also benefitting from a boom in small-dollar donations that has boosted budgets of progressive organizations nationwide.
Propelled by an outpouring of support for racial justice groups, the left’s main fundraising hub, Act Blue, has seen its previous daily record for donations in 2020 broken repeatedly this month.
The sustained gush of dollars heading Biden’s way also reflects a growing confidence among large donors that the former vice president’s campaign has begun to get its act together after weeks in which many of them criticized it for being unfocused, understaffed and unsophisticated.