Biden team brings in $10 million in the 24 hours after the State of the Union
President Joe Biden's re-election machine brought in $10 million in 24 hours following his State of the Union address on Thursday.
President Joe Biden’s re-election machine brought in $10 million in the 24 hours following his State of the Union address on Thursday — a financial jolt as the campaign looks to build general election momentum off the speech.
The sum, which was shared first with NBC News, is a record for Biden’s re-election effort, the campaign said. And it’s notable even in the context of big political fundraising numbers. Biden’s campaign and affiliated committees powering the Democratic National Committee and other party groups raised $42 million in the entire month of January, for example.
The money flowed in via approximately 116,000 donations from 113,000 contributors, a senior Biden campaign adviser said. And the total builds on Biden’s early financial advantage over former President Donald Trump.
Biden’s campaign proper had $56 million in the bank at the end of January, the most recent period covered by public campaign finance filings, while the DNC had $24 million. Trump and the Republican National Committee, meanwhile, had $30 million and $9 million on hand, respectively. Both operations also had additional money stashed away in other fundraising accounts.
The Biden camp is leaning into its early cash edge, on Saturday launching the first ad of a $30 million, six-week effort to blanket swing states with the campaign’s message. The first ad features Biden speaking straight to camera, acknowledging his age but saying he “understand[s] how to get things done.” Biden then lists a slew of accomplishments since he was sworn in and makes a series of contrasts with Trump in the ad.
Rating: 5