United States: President Joe Biden has raised a combined $42 million in January for the committees who are supporting his re-election effort, fueled by seven-figure hauls from small-dollar donors in the days following Donald Trump’s victory in the lead-off Iowa GOP caucuses.
The Biden campaign, along with the Democratic National Committee and other related fundraising committees, reported a balance of $130 million in their accounts at the end of January. This was also the best month for grassroots fundraising since the beginning of the campaign, according to the Biden campaign.
Julie Chavez Rodriguez, the campaign manager has stated that, “January’s fundraising haul, driven by a powerhouse grassroots fundraising program that continues to grow month by month is an indisputable show of strength to start the election year.”
“While Team Biden-Harris continues to build on its fundraising machine, Republicans are divided, either spending money fighting Donald Trump, or spending money in support of Donald Trump’s extreme and losing agenda,” she added.
Both Biden’s official campaign and the DNC will submit their monthly fundraising reports to the Federal Election Commission. The Biden Victory Fund and the Biden Action Fund, joint fundraising committees that include state Democratic parties, won’t file reports until April, but the Biden campaign said that, the $42 million figure includes all four entities.
The Biden campaign raised $97 million in the final quarter of 2023, bringing its total to $117 million at the end of December. As per the campaign report, the donations received from online and small-dollar donors crossed $1 million in the three days after Trump’s victory in the Iowa Republican caucuses. Also, the campaign received an average of $1 million per day in the final days of the month.
The Trump campaign has not yet disclosed how much money it raised in January. The Biden campaign announced that it had added one million new email addresses to its supporters list, resulting in 3 million contributions since Biden launched his re-election campaign in April.
In conjunction with the announcement, Vice President Biden will depart for the West Coast for three days of high-dollar fundraising events in Los Angeles and the Bay Area. The campaign continues to promote small-dollar giving through contests such as the one in late March in which Biden and former presidents Barack Obama and Bill Clinton jointly participated.
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