President Joe Biden’s reelection effort hauled in more than $40 million in January, officials for his campaign say.
Biden’s campaign and joint fundraising committees brought in $42 million in the first month of 2024, bringing his total cash on hand to $130 million. His campaign said the total represents the largest war chest for any Democratic presidential candidate in history.
Still, the new figures come as the debates surrounding Biden’s age and general fitness for the presidency have hit a new head. Though Biden was not charged following an investigation into his mishandling of classified documents, special counsel Robert Hur wrote in his February report that the president exhibited a clearly failing memory, a characterization heartily opposed by the White House and Biden’s campaign.
“January’s fundraising haul, driven by a powerhouse grassroots fundraising program that continues to grow month by month, is an indisputable show of strength to start the election year,” Julie Chavez Rodriguez, Biden’s campaign manager, said in a statement. “While Team Biden-Harris continues to build on its fundraising machine, Republicans are divided, either spending money fighting Donald Trump or spending money in support of Donald Trump’s extreme and losing agenda. Either way, judging from their weak fundraising, they’re already paying the political price. In an election that will determine the fate of our democracy and our freedoms, President Biden’s campaign is using its resources to build a winning operation that will meet voters where they are about the stakes of this election.”
“We are particularly proud that January shattered our grassroots fundraising record for a third
straight month,” added Biden campaign senior communications adviser TJ Ducklo. “This haul will go directly to reaching the voters who will decide this election. That’s reason number 355 million that we are confident President Biden and Vice President Harris will win this November.”
The Biden campaign attributes its January haul to strong grassroots outreach efforts, which included adding more than 1 million email signups to their lists last month alone. The campaign also claims it raised $1 million a day for the three days immediately following the Iowa Republican caucuses on Jan. 15.
The president will also host a combined fundraiser in March with former Presidents Barack Obama and Bill Clinton, where the campaign hopes to parlay Biden’s immediate Democratic predecessors into high-dollar donations and renewed enthusiasm for the president’s reelection effort.
“From coast to coast, Americans are rallying together to safeguard our democracy and defend our freedoms in a historic way. As this election year kicks into full gear, Team Biden-Harris and the DNC stand united, leveraging the power of grassroots donors to propel Democrats to victory at every level,” Democratic National Committee Chairman Jaime Harrison said in a statement.
Meanwhile, former President Donald Trump, Biden’s likely opponent in the 2024 general election, is facing a cash crunch with the legal fees from his numerous federal indictments eating up most of the war chest he put together in 2023.
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Trump’s campaign and combined super PACs raised $188 million last year, but he ended January with just $65 million on hand.
The former president appeared at Sneaker Con in Philadelphia, Pennsylvania, over the weekend, where he announced new Trump-branded sneakers, selling for nearly $400 a pair, as part of his campaign offerings.
