Biden Raises $72 MILLION in Two Months: The 80-year-old president rakes in a huge amount, despite Democrats panicking behind the scenes over his slow campaign buildup and growing concerns about age.
- President Joe Biden’s re-election campaign raised more than $72 million
- It is the most a Democratic candidate has raised at this point in the cycle
- Trump and the RNC raised $105 million in the spring of 2019
President Joe Biden has raised more than $72 million in just over two months, his 2024 re-election campaign announced Friday.
It’s the first time Biden’s 2024 operation has had to report the fundraising number, and it’s the most a Democratic presidential candidate has raised at this point in the campaign cycle in history.
It’s not quite the sum that President Donald Trump and the Republican National Committee collectively raised in the spring of 2019 (that sum was $105 million), but it’s higher than what Trump as the 2024 candidate raised this quarter: $35 million. .
It comes as Democrats have been privately concerned about the Biden campaign, which did not launch until April 25 and has been slow to ramp up. with CNN reporting Thursday that the opening of the Wilmington campaign headquarters has been delayed and key staff positions, such as finance director, remain unfilled.
Some of the more pessimistic Democrats, the network said, have even reached out to potential presidential candidates, telling them they should brace themselves, should the 80-year-old Biden abort his 2024 bid.
President Joe Biden speaks in Philadelphia June 17 at an official campaign launch event. The incumbent president raised $72 million in just over two months, he announced his re-election campaign on Friday.
“If Trump wins next November and everyone says, ‘How did this happen?’ one of the questions will be: what was the Biden campaign doing in the summer of 2023? a senior official with Biden’s 2020 campaign told CNN.
Strong fundraising totals are likely to calm those nerves.
“I’m delighted to announce that thanks to grassroots donors across the country, our campaign has raised more than $72 million since April,” campaign director Julie Chavez Rodriguez said in a video.
“We have seen incredible enthusiasm for the agenda of President Biden and Vice President Harris, including their commitment to restore democracy, fight for more freedoms, and grow the economy by growing the middle class,” he said. “While Republicans are burning resources in a divisive primary focused on who can take the most extreme MAGA positions, we are significantly outperforming every single one of them.”
After Trump, the Republican contender who raised the most cash was Florida Gov. Ron DeSantis, who raised $20 million in just six weeks, and may also be helped by another $130 million raised by a super PAC pro. -DeSantis.
Rodríguez said that Biden’s donations came from about 394,000 people, who made 70,000 contributions.
She said that 97 percent of those donations were for less than $200, with the average amount donated to the campaign being just $39.
Rodriguez also said that 30 percent of those who donated to the Biden-Harris campaign were new donors and had not donated money to the 2020 effort.
Overall, he said the campaign has $77 million in cash on hand.
More information will be known once full financial reports are delivered to the Federal Election Commission for the second quarter, which began April 1 and ended June 30.
The deadline for that is Saturday.