Colorado Politics

Biden and Democrats report raising $90 million-plus in March

WILMINGTON, Del. (AP) – President Joe Biden’s reelection campaign and the Democratic National Committee said Saturday that they raised more than $90 million in March and ended the year’s first quarter with $192 million-plus in cash on hand, further stretching their money advantage over Donald Trump and the Republicans.

The Biden campaign and its affiliated entities reported collecting $187 million from January through March and said that 96% of all donations were less than $200.

That total was bolstered by the $26 million-plus that Biden reported raising from a March 28 event at Radio City Music Hall in Manhattan that featured former Presidents Barack Obama and Bill Clinton. Trump’s campaign, meanwhile, said it raised $50.5 million from an event Saturday with major donors at the Florida home of billionaire investor John Paulson, setting a single-event fundraising record.

Biden’s campaign says the pace of donations has allowed it to undertake major digital and television advertising campaigns in key states and to work with the DNC and state parties to better mobilize would-be supporters before the November election.

The campaign said the $192 million-plus as of March 31 was the highest total ever by any Democratic candidate. About 1.6 million people have donated to the campaign since Biden. The campaign raised more than $10 million in the 24 hours after the president’s State of the Union speech in early March.

Trump campaign officials have said they do not expect to raise as much as the Democrats, but will have the money they need. The Biden campaign says its strong fundraising shows enthusiasm for the president, defying his low approval ratings and polls showing that most voters would rather not see a 2020 rematch.

FILE – President Joe Biden speaks at the Washoe Democratic Party Office in Reno, Nev., March 19, 2024. Biden’s reelection campaign and the Democratic National Committee said Saturday, April 6, that they raised more than $90 million in March and ended the year’s first quarter with $192-plus million in cash on-hand, further stretching an already sizeable money advantage over his opponent, former President Donald Trump.
Jacquelyn Martin – staff, ASSOCIATED PRESS

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