Biden touts a $25M haul from fundraiser featuring Barack Obama and Bill Clinton
President Biden will have an entourage of support from celebrities and former Presidents Bill Clinton and Barack Obama at a historic campaign fundraiser set to raise more than $25 million Thursday night, as Biden continues to aggressively campaign against former President Donald Trump.
The event at Radio City Music Hall in New York is meant to reinforce Biden's campaign finances and widen his voter outreach.
Biden already has a commanding lead over Trump in campaign finances, especially as Trump and his groups are figuring out how to cover Trump's legal costs. But Biden and Democrats aren't holding back to increase that gap: By mid March, Biden campaign and the Democratic National Committee amassed a combined $155 million cash on hand, while the Trump campaign and the Republican National Committee ended February with $44.85 million cash on hand. Since Super Tuesday, the Biden campaign has outspent the Trump team on pre-booked advertising by nearly four times.
"This historic raise is a show of strong enthusiasm for President Biden and Vice President Harris and a testament to the unprecedented fundraising machine we've built," said Biden-Harris 2024 campaign co-chair Jeffrey Katzenberg.
Obama and Clinton uniting forces behind Biden could help the incumbent weather the unique political challenges that his predecessors — who both had higher approval ratings than Biden during their reelection campaigns — did not have to face: the aftermath of a worldwide pandemic, the Jan. 6 insurrection, turmoil over abortion access, and a growing protest vote campaign over the Israel-Hamas war in Gaza.
A star-studded cast will also appear with the former presidents and Biden, including Mindy Kaling, Ben Platt and Stephen Colbert hosting the event.
It's an opportunity for Biden to counter concerns about his age and polls that show a lack of enthusiasm.
The Trump campaign notes that Biden hasn't had to spend money fending off primary challengers, like Trump has. The Trump campaign also is just now getting access to the Republican National Committee support since officially securing the nomination.
"Our digital online fundraising continues to skyrocket, our major donor investments are climbing, and Democrats are running scared of the fundraising prowess of President Trump," said Trump campaign communications director Steven Cheung.
Another challenge for Trump, though, are his mounting legal fees, which his political action committee is spending money on.
Katzenberg took a swipe at that fact, and said Biden is focused on demonstrating his track record to voters.
"Unlike our opponent, every dollar we're raising is going to reach the voters who will decide this election — communicating the President's historic record, his vision for the future and laying plain the stakes of this election."
The money race isn't anywhere near over. Trump and the Republican Party have a fundraiser next week that they say will overshadow Biden's event by raising at least $33 million. [Copyright 2024 NPR]
