this post was submitted on 17 Mar 2024
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The February haul — the combined total raised by Biden’s campaign, the Democratic National Committee, and authorized joint fundraising committees — is an increase from the $42 million that Biden raised in January. The campaign’s consistently strong fundraising has enabled Biden to amass $155 million in cash on hand, the largest amount any Democratic presidential candidate has ever raised at this point in the election cycle, his campaign said Sunday.

The campaign is not relying on big checks alone, suggesting that grassroots enthusiasm for the president still runs deep. In February, Biden received 562,000 contributions from 469,000 unique donors, according to the campaign. And since he began running for reelection, 97% of all individual donations were under $200.

As a result of his preoccupation with the primary, mounting legal costs and overall management failures, Trump is seriously behind Biden in fundraising. In January, he raised $8.9 million and spent more than $11 million, ending the month with just over $30 million in cash on hand. 

The RNC has also struggled to raise money, bringing in less in 2023 than in any year since 2015. Trump retook control of the RNC earlier this month, appointing ally Michael Whatley as chair and daughter-in-law Lara Trump as co-chair.

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[–] [email protected] 11 points 7 months ago

I heard this on NPR today and it was immediately followed with "Trump has not yet announced the results of his fundraising."

Which is interesting in and of itself, because I thought releasing fundraising stats was a requirement of running for office?

A good run down of some numbers here, both compared to Trump and to 2019:

https://www.opensecrets.org/news/2024/02/three-takeaways-from-2024-presidential-candidate-campaign-finance-filings/

One interesting thing to note, yes, Biden is far ahead of Trump in fundraising this cycle, but he's running behind Trump's fundraising in the 2019 cycle.