President Biden’s 2024 re-election campaign and the Democratic National Committee combined brought in over a quarter of a billion dollars in fundraising the past three months, Biden’s team announced early Tuesday.
And the campaign, in showcasing the $264 million raked in during the April-June second quarter of 2024 fundraising, noted that it pulled in $127 million in June alone, which it touted was the president’s best month of fundraising since he launched his re-election bid over a year ago.
The announcement comes as the Biden campaign tries to flip the script on a negative narrative coming out of last week’s first debate with former President Trump.
Biden’s June fundraising was up from the roughly $85 million the campaign and the DNC brought in during May. And the campaign spotlighted that their second quarter haul was $75 million more than they brought in during the first three months of the year.
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They also touted that they had a whopping $240 million cash-on-hand as of the end of June, up from $212 million a month earlier.
A sizable chunk of June’s haul was raked in at a star-studded fundraiser in Los Angeles with former President Obama, Hollywood heavyweights George Clooney and Julia Roberts, and late night TV talk show host Jimmy Kimmel. The campaign said after the event that it set a new Democratic Party fundraising record with a $30 million haul.
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The president also brought in over $8 million a few days later at a fundraiser at the Northern Virginia home of former Gov. Terry McAuliffe, where Biden was also joined by former President Bill Clinton and former Secretary of State and former Sen. Hillary Clinton, who was the Democrats’ 2016 standard-bearer.
But boosting the June fundraising to higher heights was the $33 million the campaign says was raised last Thursday through Saturday, the day of the first presidential debate and the following two days. And the Biden campaign showcased that their single best hour of fundraising this cycle came during the 11pm to midnight eastern hour on Thursday, immediately after the end of the debate with Trump in Atlanta, Georgia.
The Biden campaign has been spotlighting its pre- and post-debate fundraising as it aims to alter the brutal conversation coming out of last week’s showdown. This, after the 81-year-old president’s halting delivery and stumbling answers at the debate sparked widespread panic in the Democratic Party and spurred calls from political pundits, editorial writers, and some party politicians and donors, for Biden to step aside as the party’s 2024 nominee.
The campaign also showcased its grassroots appeal, noting that nearly two-thirds of June’s haul came from small-dollar donors and that more than $30 million of the $38 million raised during the final few days of the month came from grassroots contributors.
“Our Q2 fundraising haul is a testament to the committed and growing base of supporters standing firmly behind the President and Vice President and clear evidence that our voters understand the choice in this election between President Biden fighting for the American people and Donald Trump fighting for himself as a convicted felon,” Biden campaign manager Julie Chavez Rodriguez said in a statement.
DNC chair Jaime Harrison noted that “grassroots donors across the country are chipping in every day because they know that this election will determine the course of history.”
In announcing their May fundraising figures, the Biden campaign waited until June 20, the final day the presidential campaigns had to file their monthly fundraising figures with the Federal Election Commission (FEC).
But when it came to announcing their June and second quarter figures, the Biden campaign wasted no time in showcasing their numbers, announcing them just two days after the fundraising period ended.
Biden and the DNC enjoyed a large fundraising lead over Trump and the Republican National Committee earlier this year. But Trump and the RNC topped Biden and the DNC in fundraising for the first time in April.
And in May, the Trump campaign and the RNC, fueled in part by a fundraising surge following the former president’s history-making guilty verdicts in his criminal trial, combined hauled in a stunning $141 million, easily besting Biden and the DNC.
The Trump campaign has until later this month to file its fundraising figures with the FEC and has yet to announce its June and second quarter hauls.
Fundraising, along with public opinion polling, is a key metric used to measure the strength of a candidate and their campaign. Money raised can be used to build up grassroots outreach and get-out-the-vote operations, staffing, travel and ads, among other things.
The Biden campaign has been using its funds to build up what appears to be a very formidable ground operation in the key battleground states and announced two weeks ago that they had hired their 1,000th staffer and had opened over 200 coordinated offices in the swing states. The Biden campaign enjoys a large organizational advantage over the Trump campaign when it comes to grassroots outreach and get-out-the-vote ground game efforts in the states that will likely decide the outcome of the election rematch.
“Team Biden-Harris grew its historic war chest while also significantly expanding its footprint and operations both in HQ and across the key states – the resources needed to win a close election,” the campaign highlighted in a release.
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