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.
“This election will go directly to the voters who will decide this election,” said DJ Ducklow, a senior communications adviser to the Biden campaign. “That's 355 million reasons why we believe President Biden and Vice President Harris will win this November,” he said last week. A New York judge ordered Trump to pay $355 million for defrauding his real estate empire.
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The Trump campaign has not released its January fundraising figures. Trump's main fundraising team had $33 million on hand at the start of the year, compared to $46 million for the Biden campaign's main account.
Combined with affiliated groups, the Biden campaign had $117 million on hand to spend at the start of the year after raising $97 million in the final three months of 2023.
Biden leaves Washington on Tuesday for a three-day swing in California, where he will attend campaign fundraisers in Los Angeles, San Francisco and Los Altos Hills, Calif.
In January, the campaign says 422,000 individual donors made 502,000 contributions to the Biden campaign. Overall, more than 1.1 million donors have contributed to the campaign. Ninety-seven percent of total donations to the campaign are under $200.
Julie Chavez Rodriguez, Biden's campaign manager, called the campaign's January fundraiser “an undeniable show of strength to kick off the election year.”
“As the Biden-Harris team builds its fundraising machine, Republicans are divided — either fighting Donald Trump, or spending money to support Donald Trump's radical and failed agenda,” he said. Fundraising, they are already paying the political price.”
