President Biden’s re-election campaign brought in more than $90 million in revenue in March, $25 million more than Donald Trump’s revenue in the same month, bringing the Democratic Party’s total cash reserves to a historic $192 million.
As the 2024 election race accelerates toward a rematch, both campaigns have stepped up fundraising efforts, with last month’s biggest fundraising haul of the season for each candidate.
Mr. Biden, 81, joined former Presidents Barack Obama and Bill Clinton at the Radio City Music Hall gala on March 28, which raised more than $25 million. And his re-election team claimed March was the “strongest grassroots fundraising month” since he took office. He began his re-election bid in April last year.
The president’s campaign team timed the announcement to come hours before a major Trump campaign fundraiser scheduled for Saturday night in Palm Beach.
“Tonight, while Trump was mingling with billionaires at Mar-a-Lago to raise money, Team Biden…
Mr. Harris’ first quarter earnings were driven by the strength of our grassroots support, and that continues to be the case.
Growing month by month,” the campaign said in the announcement.
March’s total raised for Biden and the Democratic National Committee exceeded February’s total of $53 million, which ended the month with $155 million in cash on hand.
“The funds we raise are historic and will go toward critical work to build winning projects.
Operations focused solely on the voters who will decide this election – offices nationwide;
“We can participate in paid media programs where our staff and voters in battleground states are.”
Julie Chavez Rodriguez, Biden-Harris 2024 Campaign Manager.
“This is in stark contrast to President Trump’s cash flow, which relies on a limited number of billionaires to funnel funds to pay for various legal costs.”
The Trump campaign has said it is not aiming to surpass Biden’s lead and does not need to match him financially to win in November.
The former president’s team worked with the Republican National Committee to raise more than $65.6 million in March, leaving him with more than $91.3 million in cash at the end of the month, the Republican Party said.
Biden’s team has boasted that the $192 million in cash on hand is the most for a Democratic candidate at this point in the election cycle.
The campaign also harshly criticized the fact that President Trump will have to pay a large amount of legal fees in the face of an impending criminal case, stating that the $100 million difference in military funds “just so happens to have been paid after Mr. Trump left the white party.” “It’s the same amount as the legal costs incurred.” House. “
