U.S. President Joe Biden holds a bilateral meeting with British Prime Minister Rishi Sunak in the Oval Office of the White House in Washington, DC, on June 8, 2023.
Neil Carson | Getty Images
President Joe Biden’s campaign has raised $155 million in cash for the 2024 election, far more than his Republican opponent Donald Trump’s total.
The president raised $53 million last month alone, the most grassroots fundraising since the campaign launched, according to campaign officials. One of the events is a competition for supporters to attend a March 28 fundraiser in New York for Biden, Barack Obama and Bill Clinton, which raised $4 million last month.
“The enthusiasm that we’re feeling across the country is real,” Biden said in an interview with WNOV 860 radio station in Wisconsin last week. “We raised a lot of money. We had 1.5 million donors, 500,000 of which were brand new small donors; 97% of donations were less than $200.”
Biden and Trump both secured their party nominations last week, setting the stage for a rematch in 2024.
Trump’s data for February has not yet been released. His two major committees had just $36.6 million in cash on hand as of the end of January, and their combined expenses for the month exceeded revenue. A major driver of these costs is the millions of dollars in legal fees generated by Trump’s numerous court cases. These numbers are only part of the financial picture of Trump’s business, as other affiliates are not required to reveal their numbers until April.
The campaign said Biden’s total cash on hand is the highest accumulated by any Democratic candidate in the history of the campaign. Last month, emails sent to Biden supporters focused on concerns about Trump, which helped boost support.
“While Joe Biden and the Democrats continue to set historic grassroots fundraising numbers, Donald Trump and the Republican National Committee are in financial disarray,” said Democratic National Committee Chairman Jamie Harrison. “Ours Grassroots supporters know the stakes couldn’t be higher this year, and they’re participating like our democracy is on the line — because it is.”
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