President Joe Biden kicked off his 2024 reelection effort with a $72 million haul in the second quarter, allaying the fears of some big donors that the campaign was off to a slow start.
The total, which far exceeds the amounts raised by his Republican rivals, includes money raised for his campaign, the Democratic National Committee, and state parties. The campaign reported $77 million in cash on hand, which it said “represents the highest total amassed by a Democrat at any comparable point in history,” in a statement on Friday.
Campaigns are due to report detailed information on their finances to the Federal Election Commission on Saturday, which will also reveal the top donors to each campaign.
