President Joe Biden’s campaign has raised $155 million in cash for the 2024 election, easily exceeding the available total of his Republican opponent, Donald Trump.
WASHINGTON — WASHINGTON (AP) — President Joe Biden’s campaign has raised $155 million in cash for the 2024 election, easily surpassing the available total of his Republican opponent, Donald Trump.
The president raised $53 million last month alone, which campaign officials said was the strongest month for grassroots fundraising since the start of the campaign. One such effort was a contest for supporters to attend a fundraiser in New York on March 28 with Biden, Barack Obama and Bill Clinton, which raised $4 million last month.
“The excitement we get as we travel across the country is real,” Biden said in a radio interview with WNOV 860 in Wisconsin last week. “We raised a lot of money. We have 1.5 million donors, of which 500,000 are brand new, they are small donors; 97% of donations are less than $200.”
Both Biden and Trump secured their party nominations last week, setting up a 2024 rematch.
Trump’s numbers for February have not been released. At the end of January, his two main committees had only $36.6 million in cash on hand, and those committees collectively spent more than they brought in that month. A major driver of these costs was millions of dollars in legal fees resulting from Trump’s numerous lawsuits. The figures are only a partial snapshot of the Trump operation’s finances, because other industries don’t have to report their numbers until April.
Biden’s cash total is the most any Democratic candidate in history has amassed at this point in the campaign, the campaign said. Emails to Biden supporters centering on concerns about Trump helped boost support last month.
“While Joe Biden and the Democrats continue to post historic fundraising numbers, Donald Trump and the RNC are in financial disarray,” said Jaime Harrison, leader of the Democratic National Committee. “Our supporters know the stakes this year couldn’t be higher, and they are participating as if our democracy is at stake – because it is.”