Historic Fundraising Haul Sets Pace For Upcoming Presidential Election

President Joe Biden and the Democratic National Committee reported a fundraising success, raising over $97 million in the final three months of the previous year. The campaign’s total funds since its April launch until the end of 2023 amounted to $235 million, with $117 million in cash on hand, the highest for any Democratic candidate at this stage. The quarter saw contributions from more than 520,000 donors.

Biden’s campaign manager, Julie Chavez Rodriguez, emphasized the significance of grassroots enthusiasm and the message that the American people understand the crucial stakes for democracy in the 2024 election. Biden has consistently focused on defending democracy in his reelection bid, expressing concerns about Donald Trump and the “Make America Great Again” movement. As the GOP primary begins, with Trump as the early front-runner, the Biden campaign noted significant financial commitments from Trump and other primary competitors, including a $100 million advertising expenditure in Iowa alone.