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.
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.
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)