President Biden's 2024 re-election team raised $71 million despite concerns about his age and low approval ratings.
The fundraising is comparable to the previous quarter, with a total of $91 million in cash on hand.
Biden's campaign aims to hire staff, organize in key states, and launch advertising campaigns.
Concerns about Biden's age and declining enthusiasm among Democratic voters persist.
The campaign anticipates competition from Republican former President Donald Trump in the 2024 election.
In the third quarter of 2019, Trump raised $125 million for re-election, while Biden's fundraising trails in inflation-adjusted terms.
Biden's fundraising sums include party accounts controlled by his allies, making direct comparisons with Republican rivals difficult.
Biden's popularity is at a low point, with a 40% approval rating.
The campaign focused on boosting grassroots fundraising, holding 75 fundraisers since launch.
Online grassroots efforts, like fundraising contests and merchandise, have contributed significantly to the campaign's funds.