For the third quarter of 2019, the Joe Biden presidential campaign raised $15.2 million, placing him in fourth place behind Sen. Bernie Sanders (I-Vt.) at $25.3 million, Sen. Elizabeth Warren (D-Mass.) at $24.6 million, and South Bend, Ind., Mayor Pete Buttigieg (D) at $19.1 million.
"Democratic strategists say the 'devastating number' is a clear warning sign for Biden as he battles to be his party's 2020 standard-bearer," reported FoxNews.com.
“We haven't raised what a lot of people have -- we got started way later than everybody else, but we’ve raised, this last quarter, $15 million, in the middle of summer,” Biden said on Thursday.
In the second quarter of the year, the Biden campaign raised $21.5 million.
At Real Clear Politics, former Vice President Biden is still ranked in first place among voters at 26.2% while Warren is a close second at 22%. Sanders is ranked third among voters at 16.8%.
The third-quarter, $15.2 million haul is a "devastating number for Joe Biden,” a Democratic strategist told FoxNews.com. “This is a time when candidates are supposed to be showing momentum and strength going into the early contests. This number shows that his operation is basically treading water and being left behind by more dynamic campaigns.”
However, Biden friend and fundraiser Larry Rasky said he was "relatively happy with the Biden numbers," and stressed that fundraising was not "the top priority of the campaign" over the summer as staffers were working on building up more grassroots support.