President Biden broke a new fundraising record for the Democratic party by collecting $53 million in donations in February, while Trump is having trouble gathering money.
How Much Money Did President Biden Raise?
The Biden campaign announced:
Team Biden-Harris has announced that it gathered over $53 million in February, continuing to break fundraising records as they head into the general election with strong enthusiasm and historic resources. They also have a historic $155 million in cash on hand, the highest total ever for a Democratic candidate at this point in the election cycle. Their cash on hand has been increasing in each of the four reporting periods since the president launched his reelection campaign.
Team Biden-Harris’ February fundraising was largely driven by the strength of their grassroots support, which has been growing every month. February marked the campaign’s strongest grassroots fundraising month since its launch and the fourth consecutive month of setting records.
Biden/Harris is raising a remarkable amount of money, and while money doesn’t directly translate to votes, the strong position of the Democrats is starkly different from that of Trump’s Republican Party.
The Trump campaign is struggling, with the former president being outpaced in fundraising by Nikki Haley, despite her slim chances of being the nominee just last month. Trump’s small donors seem to be worn out by his constant and never-ending fundraising requests. Trump has been losing a lot of money because of legal expenses, and he’s eager to gain control of the RNC so that he can access their funds to boost his presidential campaign and settle his legal bills. In a tight election, the ability to spend money to mobilize voters is important. While Donald Trump is using money for lawyers, Biden is putting Democrats in a position to win in November.
President Biden and Vice President Harris broke a new Democratic fundraising record by securing $53 million in donations in February, while Trump is having difficulty raising funds.
