Biden Outpaces Trump in Fundraising, Secures Top Donors

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President Biden’s campaign is gearing up for a daylong retreat in New York City for his top financiers and fund-raisers, following a successful fund-raiser with former Presidents Bill Clinton and Barack Obama. The gathering, which includes 175 of Biden’s biggest supporters, will feature briefings from his top political advisers, including campaign manager Julie Chavez Rodriguez and former White House advisers Jennifer O’Malley Dillon and Mike Donilon.

The event, held at the InterContinental New York Barclay hotel, highlights the president’s strong financial backing from both grassroots contributors and major donors who can contribute up to $929,600 to the Biden Victory Fund. To qualify as a member of Biden’s national finance team, donors are required to write a check for at least $47,900, with higher levels of support available for those who raise more.

The retreat will also include presentations from deputy campaign managers Quentin Fulks and Rob Flaherty, as well as battleground states director Dan Kanninen and deputy director Lauren Brainerd. A polling and messaging presentation, as well as a finance presentation, are also on the agenda for the day.

With a key fund-raising deadline approaching at the end of the first quarter of 2024, the Biden campaign is looking to expand its financial advantage over former President Donald J. Trump. The campaign entered March with $155 million in cash on hand, combined with the party, while the Trump campaign and the Republican National Committee had a combined $44.8 million.

Already this month, the joint Obama-Clinton event is expected to raise more than $25 million for the Biden campaign. It has not been announced whether President Biden will address the donors at the retreat, but he did speak at the last gathering of the national finance committee when he first entered the race in April 2023.

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