WASHINGTON — President Joe Biden’s campaign has amassed $155 million in cash on hand for the 2024 election, far exceeding the in-hand total for his Republican opponent, Donald Trump.
The president raised $53 million alone last month, which was the strongest grassroots fundraising month since the campaign launched, according to campaign officials. Among those efforts was a contest for supporters to attend a fundraiser on March 28 in New York with Biden, Barack Obama and Bill Clinton that raised $4 million last month.
“The enthusiasm we’re picking up as we go around the country is real,” Biden said in a radio interview with WNOV 860 in Wisconsin last week. “We’ve raised a whole lot of money. We have 1.5 million donors, including 500,000 are brand new, they’re small donors; 97% of the donations under $200.”
Both Biden and Trump clinched their party nominations last week, setting up a 2024 rematch.
Trump’s February figures have not been released. By the end of January, his two major committees had just $36.6 million in cash on hand, and those committees collectively spent more than they took in that month. A major driver of those costs was millions of dollars in legal fees from Trump’s myriad court cases. The figures are only a partial snapshot of the Trump operation’s finances because other branches won’t have to disclose their numbers until April.
