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Posted: 2023-10-16T14:51:08Z | Updated: 2023-10-16T14:52:43Z

For the last time before the 2024 election year, federal political candidates had to reveal their fundraising to the Federal Election Commission by Sunday night, giving us a peek at who is successfully filling their coffers and getting a leg up in next years House, Senate and presidential contests.

Here are seven takeaways from third-quarter political fundraising.

Biden Hopes Fundraising Will Smooth Democratic Nerves, With A Catch

President Joe Biden announced raising $71 million in the third quarter, a total far greater than former President Donald Trumps haul . The Biden campaigns press release boasted he had more cash on hand than every Republican competing for the GOP nomination combined.

None of this is wrong, but theres an obvious reason for it. Biden is the de facto nominee of the Democratic Party, and thus has full control of the Democratic National Committee, giving him access to much, much larger donations than the standard maximum donation of $6,600. The maximum donation to Bidens campaign, after the cash is routed through the DNC and various state parties, is $929,000.

The Biden campaign, which has faced months of rocky polling and questions about donor and voter enthusiasm, also made sure to highlight the growing number of small-dollar donors to his campaign. The campaign has brought in more than 200,000 donors who didnt give in 2020 and doubled the number of donors whove pledged to give every month to 112,000.

Kyrsten Sinemas Fundraising Hits The Skids

Arizona independent Sen. Kyrsten Sinema reported over $10 million in the bank an impressive haul that would go a long way if she decides to run for reelection next year in a potentially messy three-way showdown with Rep. Ruben Gallego (D-Ariz.) and top GOP election denier Kari Lake, who announced her campaign for Senate earlier this month.

But Sinemas pace of fundraising dropped off markedly over the summer, a development that is sure to add to speculation about her political future. Sinema raised only $826,000 in the third quarter, lagging behind every in-cycle Democratic incumbent. After accounting for expenditures on advertising, Sinema ended the quarter with just $41,000 more in her war chest since last quarter.

Gallego, on the other hand, raised over $3 million, ending the quarter with $5 million cash on hand.

It Turns Out Being Indicted Has Consequences (If Youre A Democrat)

Rep. Andy Kim (D-N.J.) raked in $1.17 million in the third quarter, with nearly $1 million in contributions coming in just seven days after he announced a primary bid against indicted Sen. Bob Menendez (D-N.J.). The longtime New Jersey lawmaker is charged with taking bribes and acting as an agent on behalf of a foreign government; many of Menendezs colleagues have urged him to step down and one even wants him expelled. Compare that to the treatment of Trump, who was rewarded by donations and endorsements by Republicans after his multiple indictments, including over his attempt to overthrow the 2020 election and his alleged mishandling of classified documents.

Kim actually outraised Menendez, who took in $919,000 in the same period. Still, Menendez who has denied the federal charges and vowed to contest them in court has nearly $8.6 million cash on hand compared to Kims $1.9 million.