President Joe Biden’s campaign for reelection raked in $53 million in February and has $155 million in cash on hand after raising the most in grassroots donations last month since the campaign began. The hefty fundraising haul shows Democrat donors are getting serious about the election as the nation inches closer to November.
The Biden campaign pulled in the impressive fundraising amount just as the president clinched the Democrat Party’s presidential nomination in March. He raised $10 million on top of it in the 24 hours following his testy and politically-charged State of the Union speech.
SEE IT: MSNBC rejoices, says, "The Biden campaign has raised $130 million while Trump has raised only $65 million. Quite a big fundraising gap!" My question is, why is Biden raising more money when most voters say he's too old to run again? WATCH pic.twitter.com/WIL9gZ4d7S
— Simon Ateba (@simonateba) March 14, 2024
Around 1.3 million donors have made about 3.4 million contributions to Biden’s reelection bid. According to a statement from Biden’s campaign, which released its latest contribution figures on Sunday, 97% of the donations have been less than $200.
The president went to California on a fundraising trip in February and made campaign stops at fundraisers in the Los Angeles and San Francisco areas. Opposition to former President Donald Trump motivates Democrats to give. Trump clinched the GOP nomination this month, on the same day Biden secured his party’s nod to run for president again.
In the 48 hours after Trump won the GOP primary in South Carolina, defeating former South Carolina Gov. Nikki Haley (R) in her home state, Biden’s campaign raised $1.6 million in small, grassroots donations in 48 hours. Biden’s campaign says emails focused on Trump tend to bring in donations.
Fox reporter: The Biden campaign hauled in $97 million in donations last quarter pic.twitter.com/nD2jYltahR
— Biden-Harris HQ (@BidenHQ) January 16, 2024
“The stakes of this election couldn’t be higher for the future of this country, and our historic fundraising operation is making sure every voter knows these stakes come November,” said Biden campaign manager Julie Chavez Rodriguez.
A YouGov poll last week showed that Trump leads Biden by 2% with 44% of the vote to Biden’s 42%. According to Fox News and Quinnipiac University polls conducted in March, he also leads Biden in Arizona, Pennsylvania and Michigan.
Politico recently pointed out that polls won’t overestimate Trump’s support in the general election even though they overestimated Trump’s primary turnout because the dynamics are different — and general election polling is more accurate than in primaries.
