President Biden’s The 2024 reelection campaign and the Democratic National Committee combined to raise more than a quarter-billion dollars over the past three months, Biden’s team announced Tuesday morning.
And the campaign, while showing $264 million raised during the second quarter of 2024, April-June, reported that $127 million was raised in June alone, marking its best month of fundraising since the president launched his re-election effort a year ago.
The announcement comes as the Biden campaign is trying to flip the script on the negative narrative that emerged from last week’s first debate. Former President Trump.
Biden’s June fundraising was more than the roughly $85 million the campaign and DNC raised during May. And the campaign highlighted that his second quarter fundraising was $75 million more than what he raised during the first three months of the year.
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President Joe Biden reacts after speaking at a campaign rally in Raleigh, NC, Friday, June 28, 2024. (AP Photo/Matt Kelly) (AP Photo/Matt Kelly)
He also claimed he had $240 million in cash as of the end of June, up from $212 million a month earlier.
A large portion of the money raised in June was raised at a star-studded fundraiser in Los Angeles attended by 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 had set a new Democratic Party fundraising record by raising $30 million.
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A few days later, the president also raised more than $8 million at a fundraising event At the home of former Gov. Terry McAuliffe in northern Virginia, where Biden was joined by former President Bill Clinton and former Secretary of State and former Senator Hillary Clinton, who was the Democrats’ 2016 flagbearer.
But what took fundraising to an even greater height in June was the campaign’s $33 million raised from last Thursday through Saturday, the day of the first presidential debate, and the two days after. And the Biden campaign showed that their best time of fundraising this cycle came between 11 p.m. and midnight on Thursday, which was immediately after the debate with Trump in Atlanta, Georgia.
President Joe Biden (right) and former President Donald Trump participate in the first of two 2024 general election debates on June 27, 2024 in Atlanta, Georgia. (Andrew Harnik/Getty Images)
The Biden campaign has focused on fundraising before and after the debate as it aims to change the brutal conversation sparked by last week’s confrontation, which saw the 81-year-old president speak stiltedly and give faltering answers. In the debate There was widespread uproar within the Democratic Party and calls from political pundits, editorial writers, and some party politicians and donors that Biden should step down as the party’s 2024 nominee.
The campaign also touted its grassroots appeal, reporting that nearly two-thirds of the money raised in June came from small donors, and more than $30 million of the $38 million raised through the last day of the month came from grassroots contributors.
“Our money raised in the second quarter is a testament to the committed and growing base of supporters standing strong 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 said. campaign manager Julie Chavez Rodriguez said in a statement.
President Joe Biden and First Lady Jill Biden walk off stage after a campaign event on June 28, 2024 in Raleigh, North Carolina. (MANDEL NGAN/AFP via Getty Images)
DNC Chair Jaime Harrison said that “grassroots donors across the country are contributing every day, because they know this election will determine the course of history.”
In announcing its May fundraising figures, the Biden campaign waited until June 20, which was the last day for presidential campaigns to file their monthly fundraising figures with the Federal Election Commission (FEC).
But when it came to announcing June and second quarter numbers, the Biden campaign wasted no time in rolling out its figures, announcing them just two days after the fundraising period ended.
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Biden and the DNC held a large lead in fundraising over Trump and the Republican National Committee earlier this year. But Trump and the RNC surpassed Biden and the DNC in fundraising for the first time in April.
And in May, the Trump campaign and the RNC, fueled by a fundraising surge following the former president’s historic guilty verdict in his criminal trial, jointly raised a stunning $141 million, easily outpacing Biden and the DNC.
Former President Donald Trump walks off the stage after delivering a speech at a rally at Greenbrier Farms on June 28, 2024 in Chesapeake, Virginia. (Anna Moneymaker/Getty Images)
The Trump campaign has until the end of the month to file fundraising figures with the FEC, and has not yet announced June and second quarter fundraising figures.
Fundraising, along with opinion polling, is a key metric used to measure the strength of a candidate and their campaign. The money raised can be used for grassroots outreach and get-out-the-vote campaigns, staffing, travel, and advertising, among other things.
The Biden campaign is using its funds to build a very formidable grassroots campaign in key battleground states and two weeks ago announced they hired their 1,000th employee and opened over 200 coordinated offices in swing states. The Biden campaign enjoys a huge organizational advantage over the Trump campaign when it comes to grassroots outreach and get-out-the-vote ground game efforts in states that will likely decide the outcome of the election.
“Team Biden-Harris has increased its historic war chest, while also significantly expanding its footprint and operations at headquarters and in key states — resources essential to winning a close election,” the campaign said in a release.
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