President Joe Biden’s reelection campaign and the Democratic National Committee (DNC) are continuing to increase their fundraising haul, raking in more cash than former President Donald Trump’s campaign and the Republican National Committee, according to Politico.
Biden’s campaign account reported that it brought in $21 million during February, setting the reelection bid up with $71 million cash on hand, according to Politico. Combined with the DNC, the Biden campaign has $97.5 million cash on hand as of February 2024 while Trump and the RNC have $44.8 million, Politico reported.
Biden’s reelection campaign raised $42 million in January and had $130 million in total at the end of the first month of 2024. The RNC had $8 million in cash at the end of 2023, according to Federal Election Commission (FEC) filings. At the end of 2023, the Trump campaign had $33 million cash in hand, and at the time of Biden’s reelection campaign releasing their January numbers, neither party had released theirs, according to Axios.
US President Joe Biden President Biden speaks to local supporters and volunteers at the office opening of the Wisconsin coordinated campaign headquarters in Milwaukee, Wisconsin, on March 13, 2024. (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)
U.S. President Joe Biden speaks briefly with reporters before boarding the Marine One presidential helicopter and departing the White House on February 29, 2024 in Washington, DC. In the throes of a re-election campaign, Biden is traveling to Brownsville, Texas, near the U.S.-Mexico border on the same day that Republican rival and former President Donald Trump is scheduled to visit the border. (Photo by Chip Somodevilla/Getty Images)
The former president’s reelection campaign had $19 million throughout the fourth quarter of 2023 and $18 million of that came from affiliated fundraising committees that are dedicated to supporting Trump, CNBC News reported. Over those three months, at least $60,000 went to pay Trump’s legal fees, according to the outlet.
Trump’s fundraising coalition has footed the cost of more than $50 million in legal costs throughout the past year, Axios reported.
Republican presidential candidate former President Donald Trump speaks to supporters during a rally at the Dayton International Airport on March 16, 2024 in Vandalia, Ohio. The rally was hosted by the Buckeye Values PAC. (Photo by Scott Olson/Getty Images)
Supporters of Republican presidential candidate and former President Donald Trump cheer as Trump is introduced at a Get Out the Vote Rally March 2, 2024 in Richmond, Virginia. Sixteen states, including Virginia, will vote during Super Tuesday on March 5. (Photo by Win McNamee/Getty Images)
Despite Biden’s massive cash advantage, he still is suffering in the polls. Biden trails Trump by as much as 11 points in hypothetical matchups across key swing states such as Arizona, Pennsylvania, Michigan, Georgia, North Carolina and Florida, according to a January Redfield & Wilton Strategies survey. The president also saw no bump in his polls following his State of the Union address, a moment that the Biden campaign was reportedly planning to use as a reset moment.
Biden continues to battle low approval ratings and concerns about his age while 76% percent of Americans are worried about Biden’s health ahead of the 2024 election, according to a Feb. 6 NBC poll. (RELATED: KJP Reads From Prepared List Of Times Republicans Misspoke To Argue Joe Biden Is Mentally Fit)