Biden's Campaign Raises Record $264M in Q2, Grassroots Donors Boost Fundraising Amid Debate Concerns

July 2, 2024
Biden's Campaign Raises Record $264M in Q2, Grassroots Donors Boost Fundraising Amid Debate Concerns
  • President Joe Biden's reelection campaign and the Democratic National Committee raised $264 million in the second quarter, with $127 million collected in June.

  • June was the best fundraising month so far, including $38 million raised in four days following Biden's debate with former President Donald Trump.

  • A pre-debate fundraiser with Barack Obama, Julia Roberts, and George Clooney contributed almost $30 million.

  • More than half of the funds came from grassroots donors, with 95% of donations being less than $200.

  • The recent fundraising success expanded the campaign's donor base to 314,000, now holding $240 million on hand.

  • Despite concerns about Biden's debate performance, campaign officials assert there are no discussions of him exiting the race.

  • Major donors seek reassurance about Biden's candidacy amid questions about his viability.

  • In comparison, Trump raised $114 million in June and $141 million in May, with a second-quarter total of $331 million and $284.9 million in cash on hand.

  • Elected Democrats and donors await post-debate polling numbers to decide Biden's future.

Summary based on 8 sources


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