U.S. President Joe Biden‘s bid for re-election, alongside his Democratic Party allies, amassed over $42 million in January, boasting a cash reserve of £130 million in preparation for a probable general election showdown with Republican Donald Trump.
The fundraising figures, unveiled by Biden’s campaign, were buoyed by contributions from small-dollar donors via online platforms, officials revealed.
“January’s fundraising haul – driven by a powerhouse grassroots fundraising programme that continues to grow month by month – is an indisputable show of strength to start the election year,” remarked Biden’s campaign manager Julie Chavez Rodriguez in a statement.
The fundraising totals encompass contributions to the Biden campaign, the Democratic National Committee, and their associated joint-fundraising committees.
Trump’s re-election campaign has not disclosed January figures but accrued £19 million during the final three months of 2023, a decrease from the under £25 million in the preceding quarter and notably less than the £33 million amassed by Biden’s campaign.
Trump’s figures exclude related joint-fundraising committees.
Closing the previous year, Trump’s campaign possessed about £33 million in reserves, in contrast to nearly £46 million held by Biden’s campaign.
Biden is commencing a fresh fundraising expedition to California on Tuesday. He is slated to participate in fundraisers in the Los Angeles and San Francisco regions before returning to Washington on Thursday.
Biden’s recent cash infusion coincides with a reorganisation of his re-election campaign, dispatching top White House aides Mike Donilon and Jen O’Malley Dillon to his campaign headquarters in Wilmington, Delaware, to supervise strategy and planning amid Democratic concerns regarding a tumultuous start and fluctuating polling numbers for the incumbent president.
Biden and Trump persist in a close race for the White House, as per a recent Reuters/Ipsos poll, with the former president garnering support from 37% of respondents and Biden securing backing from 34%.
The poll was conducted subsequent to Special Counsel Robert Hur releasing a report that declined to levy charges against Biden for possessing classified documents upon leaving the vice presidency in 2017, though it criticised his memory and mental sharpness.