Mar 28, 2024 - Politics & Policy

Biden fundraiser with Obama and Clinton expected to raise $25 million

 President Joe Biden speaks at the Chavis community center on March 26, 2024 in Raleigh, North Carolina.

President Biden speaks at the Chavis community center on March 26 in Raleigh, North Carolina. Photo: Eros Hoagland/Getty Images

President Biden's campaign says his Radio City fundraiser on Thursday night with former Presidents Obama and Clinton is expected to raise over $25 million.

Why it matters: The impressive haul — the campaign says — would make it the "most successful political fundraiser in American history."

Driving the news: The Biden camp is seeking to use the show of force by Democratic heavyweights to rally momentum as polling numbers start to show signs of a comeback.

  • "This historic raise is a show of strong enthusiasm for President Biden and Vice President Harris and a testament to the unprecedented fundraising machine we've built," Biden-Harris 2024 campaign co-chair Jeffrey Katzenberg said in a statement.

Zoom in: The headline-grabbing event, which drew more than 5,000 supporters, features musical guests like Queen Latifah, Lizzo, Ben Platt Cynthia Erivo and Lea Michele.

  • It also will include an "armchair conversation" moderated by Stephen Colbert with Biden, Obama and Clinton.

The big picture: The Biden campaign and the DNC say they ended February with $155 million — more than twice as much cash on hand as Trump and the RNC ($44.8 million), according to campaign finance reports.

  • The Biden campaign is increasingly drawing attention to Trump's cash squeeze as he battles his four criminal indictments.
  • "Unlike our opponent, every dollar we're raising is going to reach the voters who will decide this election — communicating the President's historic record, his vision for the future and laying plain the stakes of this election," Katzenberg said.

Go deeper: Inside Biden's monster cash advantage over Trump

Editor's note: This story was updated with new campaign finance figures from Biden's campaign.

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