The Biden campaign set a fundraising record of $42 million in January

WASHINGTON — President Joe Biden's re-election campaign and Democratic allies raised $42 million in January, giving the incumbent $130 million in the bank for his 2024 campaign. His Republican opponent is Donald Trump.

The $130 million cash on hand — which includes money from affiliated fundraising groups and the Democratic National Committee — is unprecedented for a Democratic presidential candidate at this point in the election cycle.

January marked Biden's third-strongest fundraising month, according to figures released by the campaign on Tuesday.

While the Trump campaign and related groups have spent heavily to fend off Republican challengers in the GOP primary and pay legal fees in Trump's many court cases, the Biden campaign, which lacks a strong Democratic challenger, has been able to save resources for the general election. cases.

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