President Biden’s 2024 re-election marketing campaign and the Democratic Nationwide Committee mixed introduced in over 1 / 4 of a billion {dollars} in fundraising the previous three months, Biden’s crew introduced early Tuesday.
And the marketing campaign, in showcasing the $264 million raked in in the course of the April-June second quarter of 2024 fundraising, famous that it pulled in $127 million in June alone, which it touted was the president’s greatest month of fundraising since he launched his re-election bid over a yr in the past.
The announcement comes because the Biden marketing campaign tries to flip the script on a detrimental narrative popping out of final week’s first debate with former President Trump.
Biden’s June fundraising was up from the roughly $85 million the marketing campaign and the DNC introduced in throughout Might. And the marketing campaign spotlighted that their second quarter haul was $75 million greater than they introduced in in the course of the first three months of the yr.
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In addition they touted that that they had a whopping $240 million cash-on-hand as of the top of June, up from $212 million a month earlier.
A large 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 time TV discuss present host Jimmy Kimmel. The marketing campaign stated after the occasion that it set a brand new Democratic Get together fundraising document with a $30 million haul.
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The president additionally introduced in over $8 million a number of days later at a fundraiser on the Northern Virginia dwelling of former Gov. Terry McAuliffe, the place Biden was additionally joined by former President Invoice Clinton and former Secretary of State and former Sen. Hillary Clinton, who was the Democrats’ 2016 standard-bearer.
However boosting the June fundraising to greater heights was the $33 million the marketing campaign says was raised final Thursday by means of Saturday, the day of the primary presidential debate and the next two days. And the Biden marketing campaign showcased that their single greatest hour of fundraising this cycle got here in the course of the 11pm to midnight japanese hour on Thursday, instantly after the top of the controversy with Trump in Atlanta, Georgia.
The Biden marketing campaign has been spotlighting its pre- and post-debate fundraising because it goals to change the brutal dialog popping out of final week’s showdown. This, after the 81-year-old president’s halting supply and stumbling solutions on the debate sparked widespread panic within the Democratic Get together and spurred calls from political pundits, editorial writers, and a few occasion politicians and donors, for Biden to step apart because the occasion’s 2024 nominee.
The marketing campaign additionally showcased its grassroots enchantment, noting that just about two-thirds of June’s haul got here from small-dollar donors and that greater than $30 million of the $38 million raised in the course of the last few days of the month got here from grassroots contributors.
“Our Q2 fundraising haul is a testomony to the dedicated and rising base of supporters standing firmly behind the President and Vice President and clear proof that our voters perceive the selection on this election between President Biden combating for the American folks and Donald Trump combating for himself as a convicted felon,” Biden marketing campaign supervisor Julie Chavez Rodriguez stated in an announcement.
DNC chair Jaime Harrison famous that “grassroots donors throughout the nation are chipping in on daily basis as a result of they know that this election will decide the course of historical past.”
In asserting their Might fundraising figures, the Biden marketing campaign waited till June 20, the ultimate day the presidential campaigns needed to file their month-to-month fundraising figures with the Federal Election Fee (FEC).
However when it got here to asserting their June and second quarter figures, the Biden marketing campaign wasted no time in showcasing their numbers, asserting them simply two days after the fundraising interval ended.
Biden and the DNC loved a big fundraising lead over Trump and the Republican Nationwide Committee earlier this yr. However Trump and the RNC topped Biden and the DNC in fundraising for the primary time in April.
And in Might, the Trump marketing campaign and the RNC, fueled partially by a fundraising surge following the previous president’s history-making responsible verdicts in his felony trial, mixed hauled in a shocking $141 million, simply besting Biden and the DNC.
The Trump marketing campaign has till later this month to file its fundraising figures with the FEC and has but to announce its June and second quarter hauls.
Fundraising, together with public opinion polling, is a key metric used to measure the power of a candidate and their marketing campaign. Cash raised can be utilized to construct up grassroots outreach and get-out-the-vote operations, staffing, journey and adverts, amongst different issues.
The Biden marketing campaign has been utilizing its funds to construct up what seems to be a really formidable floor operation in the important thing battleground states and introduced two weeks in the past that that they had employed their 1,000th staffer and had opened over 200 coordinated places of work within the swing states. The Biden marketing campaign enjoys a big organizational benefit over the Trump marketing campaign with regards to grassroots outreach and get-out-the-vote floor recreation efforts within the states that may probably determine the end result of the election rematch.
“Workforce Biden-Harris grew its historic struggle chest whereas additionally considerably increasing its footprint and operations each in HQ and throughout the important thing states – the sources wanted to win a detailed election,” the marketing campaign highlighted in a launch.
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