Biden Money Haul: Nearly $100 Million Raised, Most Ever By a Democrat at This Point
The haul shows how fundraising is one of Biden’s distinct competitive advantages over Republicans in 2024
Published 01/15/24 05:00 AM ET|Updated 4 hr ago
Dan Merica
President Joe Biden announced Monday that his campaign and the Democratic National Committee raised $97 million in the final three months of 2023, continuing its fundraising dominance with a sizable $117 million in the campaign’s bank account.
The Democratic haul from October to December – which includes money raised by the Democratic National Committee and through Biden’s joint fundraising agreement with a range of Democratic groups – surpasses the $72 million the operation raised in the second quarter of 2023 and the $71 million in the third quarter of the year. And the campaign claimed on Monday that its substantial bank account is the “highest total amassed by any Democratic candidate in history at this point in the cycle.”
The Biden campaign has a distinct competitive advantage over Republicans in fundraising. Not only have Democrats dominated campaign-side fundraising for years but Biden is not mired in a serious primary campaign and can raise money in coordination with the Democratic committee and in larger sums, while Republicans are spending millions in their primary, including in Monday night’s Iowa caucus.
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