Biden campaign touts $155 million war chest, largest in history

President Biden’s political machine boasted that it had beefed up its war chest to the tune of $155 million, “the most ever for a Democratic candidate” at this point in the presidential election cycle.

The campaign said the cash pile raised $53 million during February, exceeding the $42 million raised the previous month.

These numbers refer to totals from the Biden-Harris campaign, the Democratic National Committee, and their joint fundraising committee. These marks the fourth consecutive month of increased funding.

“We are proud of the record-setting fundraising machine we have built to reach voters about the stakes of this election,” said Biden-Harris 2024 Campaign Manager Julie Chavez Rodriguez. .

President Biden’s team is embarking on a multimillion-dollar campaign ad purchase aimed at boosting approval ratings. AP

“And we’re just getting started.”

Rodriguez juxtaposed Biden’s financial fortunes with the prospects for the Republican National Committee, which recently laid off dozens of staffers in a dramatic shake-up.

Last year, the RNC weathered its worst fundraising year in 30 years, after adjusting for inflation, raising just $87.2 million and ending the year with $8 million in cash on hand. According to the Federal Election Commission.

In contrast, the DNC earned $119 million and ended the year with about $21 million in cash on hand. According to FEC.

Former President Donald Trump shakes up RNC leadership, appointing Michael Whatley as chairman, senior campaign adviser Chris Lakrivta as chief operating officer, and appointing his daughter-in-law Lara Trump as co-chairman. was nominated.

Donald Trump recently led a change in the RNC leadership. Getty Images

“While Joe Biden and the Democratic Party continue to post historic grassroots fundraising numbers, Donald Trump and the RNC are in financial turmoil,” said Democratic National Committee Chairman Jamie Harrison. I scolded him.

“Our grassroots supporters know the stakes this year couldn’t be higher, and we need them to work together as if our democracy is at stake. Because that’s the reality.”

President Trump and the RNC have not yet released their February totals, but as of the end of January they were running a deficit of about $41 million compared to Biden and the DNC.

The Republican primary race received a large amount of donations. Additionally, Trump has been forced to use political capital to cover mounting legal costs as he avoids 88 criminal charges.

The United States is gearing up for a rematch between Joe Biden and Donald Trump in November. AP

During the 2020 cycle, President Trump and the RNC raised $86 million as of the end of February.

Trump still maintains an approval rating advantage over his successor nationally and in most battleground states. According to the latest RealClearPolitics Aggregation of public opinion polls.

Trump and Biden won the delegates needed to win their respective parties’ presidential nominations last week.