Biden-Harris Campaign Claims 2024 War Chest Is Largest of Any Democratic Candidate in History

It's not like Biden and Harris will run out of money for re-election any time soon. That was the claim party organizers made Monday when they boasted that they had $117 million on hand, the highest amount ever for a Democratic candidate at this point in a campaign.

the hill report The President and Vice President's 2024 campaign teams announced they raised more than $97 million in the fourth quarter of 2023. This total includes fundraising efforts by campaigns, joint fundraising committees, and the Democratic National Committee. The report states:

In the third quarter of 2023, the Biden-Harris campaign announced it had raised more than $71 million and had nearly $91 million in cash on hand.

The team raised more than $72 million in funding in the second quarter of last year, including $77 million in cash.

The campaign highlighted the contribution of grassroots fundraising efforts to revenue in the fourth quarter and celebrated the historic achievement, the report continued.

“This historic achievement, fueled by strong and growing grassroots enthusiasm, sends a clear message: Team Biden. “The Harris Coalition knows the stakes in this election and is ready to win this November.” said in a statement announcing the numbers, which The Hill has learned.

“Across our coalition, we have received early and continued support that will help us scale our growing efforts across the country and take our message to the communities that will decide this election. It’s been helpful,” Chavez added.

This amount is equivalent to the combined total of four organizations: the Biden campaign, his two joint fundraising committees, and the Democratic National Committee.

According to the Biden-Harris campaign, 97% of donations in the fourth quarter were less than $200, with an average of $41.88.

The Hill report concluded that nearly 1 million supporters have donated since the campaign began, bringing total donations to more than 2.3 million, according to aides.

Former President Donald Trump, who is increasingly likely to be Biden's rival in the presidential race, has not yet announced how much money he has raised over the past quarter.

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