Apr 6, 2024 - Politics & Policy

Biden raised $90 million in March, adding to cash advantage

President Joe Biden gives a speech at Intel Ocotillo Campus on March 20, 2024 in Chandler, Arizona

President Biden gives a speech at Intel Ocotillo Campus on March 20 in Chandler, Ariz. Photo: Rebecca Noble/Getty Images

President Biden's campaign entered April with more than $192 million in cash on hand, the campaign announced Saturday, touting the total as the most-ever for a Democratic candidate at this point in the election cycle.

Why it matters: The campaign's cash on hand total is more than double the $93.1 million the Republican National Committee and Donald Trump's campaign had entering April, adding to Democrats' huge cash edge.

  • Biden's campaign said it raised more than $90 million in March, bringing its first quarter fundraising total to more than $187 million.
  • Trump's campaign and the RNC brought in a combined $65.6 million last month, the groups announced earlier this week.

Zoom in: Biden got a fundraising boost in March from his State of the Union address. Donors sent $10 million in the 24 hours after his fiery speech, the campaign's biggest fundraising day.

  • Biden's star-studded Radio City Music Hall fundraiser with former Presidents Obama and Clinton last month also brought in more than $25 million; it was touted as the largest fundraiser in political history.
  • The campaign said Saturday that March was their strongest grassroots fundraising month yet. More than 96% of donations during the first quarter were for less than $200.

Flashback: The Biden campaign and the DNC say they ended February with $155 million after raising $53 million for that month.

State of play: The Biden campaign has maintained a strong cash advantage over Trump, whose fundraising efforts include a PAC that is paying for his extensive legal bills as he faces four criminal trials.

What they're saying: "The money we are raising is historic, and it's going to the critical work of building a winning operation, focused solely on the voters who will decide this election," Biden-Harris 2024 campaign manager Julie Chavez Rodriguez said in the announcement.

  • "It's a stark contrast to Trump's cash-strapped operation that is funneling the limited and billionaire-reliant funds it has to pay off his various legal fees."

What we're watching: Trump's campaign is ramping up its fundraising as it seeks to close its cash deficit to Biden.

  • Trump is hosting a fundraiser in Palm Beach, Fla., on Saturday that the campaign says is on track to bring in $43 million, Axios' Mike Allen reports.

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

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