Biden Campaign Calls Its Current Haul 'Historic'

President Biden's re-election campaign released its latest fundraising numbers Monday, more than two weeks before it had to do so, in what the New York Times sees as "a clear attempt to distract attention from the Iowa caucuses." It touted $97 million raised by his campaign and the DNC in the fourth quarter of 2023 and a total campaign war chest of $117 million. His campaign calls it a "historic haul," noting that cash-on-hand figure is more than any Democratic presidential candidate has had at this point in the race, reports USA Today.

Indeed, Reuters reports it exceeds the $66 million Barack Obama and the Democratic Party raised across the fourth quarter of 2011. But CNBC says the numbers aren't record-setting when stacked up against what Donald Trump and his reelection campaign brought in over the same period in 2019: a $125 million Q4 haul and a total of $156 million in cash on hand. To date, Biden has raised $235 million for his re-election effort, with his campaign saying 97% of donations have been under the $200 mark, with the average contribution at $41.88. (More President Biden 2024 stories.)