President Joe Biden will kick off a star-studded three-day fundraiser in California on Friday. Campaign officials boasted that they would raise a record amount of cash for the Democratic president's 2024 reelection bid.
The trip came a day after the Justice Department filed new criminal charges against Biden's son Hunter, accusing him of failing to pay $1.4 million in taxes while spending millions on a lavish lifestyle.
California and its rich entertainment industry have long served as a major source of funding for Democrats, but a prolonged strike by actors and writers has had a chilling effect on fundraising.
Jeffrey Katzenberg, a movie mogul and campaign co-chairman who has emerged as a leading voice in Biden's re-election bid, said the end of the labor dispute freed up pent-up money. Stated.
“It's going to be the most successful day and a half for a campaign ever, and probably the most successful day and a half before a general election, where things are in a completely different gear. It's like, 'I've been here for every candidate before,''' Katzenberg said in an interview with Reuters.
Biden will be joined by directors Steven Spielberg and Rob Reiner and musicians Barbra Streisand and Lenny Kravitz at two fundraisers in Los Angeles.
The riot in California is part of at least nine fundraising events Biden plans to hold through the end of the month.
A fundraiser in California and an initial fundraiser in Boston are expected to raise at least $15 million, according to people familiar with the matter.
Katzenberg, who is helping with one of the fundraisers, said the final numbers are still in flux.
“The numbers are big. We know that,” said Katzenberg, co-founder of DreamWorks Animation.
Biden is scheduled to make a stop in Las Vegas on Friday to announce $8.2 billion in funding for 10 new passenger rail projects, a senior administration official said. The project, funded by the $1 trillion infrastructure law, includes $3 billion to build the nation's first high-speed rail line through California, according to administration officials.
Biden also plans to announce a $3 billion investment to help build a new high-speed rail corridor between Las Vegas and South Carolina, along with funding for projects in North Carolina, Virginia and Washington, D.C., officials said. said.
Biden has traveled the country over the last year announcing new funding tied to his signature legislation, including the Infrastructure Act, the Chips and Science Act and the Curbing Inflation Act.
This is part of an effort to boost his poll ratings and convince voters that he is qualified to lead the U.S. economy, although recent polls show the effort has had little success. ing.