Joe Biden raises $72 million in second quarter to run for re-election

President Biden and the Democratic National Committee have raised more than $72 million to run for reelection in the second quarter of this year, a sum that could allay fears within the Democratic Party about the 80-year-old president’s second-term challenge. .

According to the Biden campaign and the Democratic National Committee, the amount was raised by the end of June after Mr. Biden announced his re-election campaign on April 25. The president’s team also announced that the president has $77 million in cash.

Biden Campaign Director Julie Chavez-Rodriguez said, “We have seen the incredible enthusiasm of President Biden and Vice President Harris for the policies of restoring democracy, fighting for more freedom, and growing the economy through a growing middle class. I have seen it,” he said. “While Republicans are running out of resources in a dichotomous primary focused on who can take the most extreme positions in MAGA, we are well ahead of each and every one of them because we The team’s strength is its grassroots advocates.”

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In 2019, then-President Donald Trump and the Republican National Committee raised $105 million combined in the second quarter. That’s more than about $80,000 a day that Mr. Biden raised this year, when the president benefited from inflation-driven increases in campaign donation limits. .

Biden faces persistent concerns within his party about voter enthusiasm for the oldest president in U.S. history, with polls showing a majority of Democrats want someone else in office. . Some prominent Democratic lawmakers said the funding numbers would allay those concerns, at least to some extent.

“They are spending very little money. rice field. “This is very streamlined and very smartly run. Democrats have woken up … to say they’re pretty happy with the numbers about where Joe Biden’s campaign is standing six months before the Iowa caucuses.”

Biden’s total is more than double Trump’s $35 million in three months for the 2024 effort, but the former president and other Republican candidates are not jointly raising money with the Republican National Committee. As a result, federal contribution limits are set low. top donors.

Florida Governor Ron DeSantis, who is trailing Trump in the polls, raised about $20 million in the first six weeks after the announcement.

The total came from nearly 400,000 donors, according to the Biden campaign, with 97% of donations under $200 and more than 30% of donors not giving to Biden in 2020. .

Biden’s 2020 campaign has raised more than $1 billion to defeat Trump.

• This article is based in part on communications services reports.