Biden campaign, allies raise $97 million in fourth quarter
By Nandita Bose
WASHINGTON (Reuters) -President Joe Biden's 2024 reelection team and his Democratic Party said on Monday they raised over $97 million in the last three months of 2023, amid opinion polls showing voter concerns over his age, high prices and handling of the Israel-Hamas war.
The Biden campaign attributed the fundraising haul to «strong and growing grassroots enthusiasm;» his campaign also courted big donors in Washington, Boston and California amid a year-end fundraising blitz.
Campaign co-chair Jeffrey Katzenberg told reporters in Des Moines, Iowa, the campaign had a historic $117 million in cash on hand at the end of December, across several of the party's affiliated fundraising entities.
«Team Biden-Harris is entering the election year with more cash on hand than any Democratic candidate in history at this point in the cycle,» he said. «We're entering the election year with the resources, enthusiasm and energy needed to mobilize the winning coalition that will reelect Joe Biden and Kamala Harris.»
December was also the single strongest month for grassroots donations since the launch of the campaign, Katzenberg said, with a total of nearly 1 million supporters having sent in more than $2.3 million in donations averaging just under $42.
The money raised from October to December surpassed the $71 million Biden and the Democratic Party raised in the prior quarter, and the over $66 million Barack Obama and Democrats gathered over the fourth quarter of 2011 for his successful 2012 reelection bid.
It was bested by the $154 million Republican former President Donald Trump and his Republican party raised in the fourth quarter of 2019, for his failed 2020 reelection bid. Trump and the Republican National
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