Biden Campaign Says It Raised $53 Million in February

President Joe Biden speaks during a Saint Patrick’s Day event in the East Room of the White House in Washington on March 17, 2024. (Samuel Corum/Getty Images)

The Biden campaign says it raised more than $53 million in February.

On March 17, Biden for President announced that President Joe Biden now has access to more than $155 million in cash.

The campaign used its good news as an opportunity to attack the Republican National Committee (RNC) and former President Donald Trump, who is now the Republican Party’s presumptive nominee. The party committee is under a new leadership that’s pledged loyalty to President Trump.

“Donald Trump and the RNC’s numbers and operation tell a different story—one of division, ineptitude, and a fundamental inability to build a coalition that can win 270 electoral votes,” Julie Chávez Rodriguez, Biden–Harris 2024 campaign manager, said in a statement.

The Biden for President statement didn’t clarify where exactly the money wound up. Previously, the Biden campaign has included Democratic National Committee (DNC) fundraising as part of its overall haul.

The Biden campaign is financed by a collection of committees overseen by the Federal Election Commission (FEC). A number of those entities representing President Biden’s campaign and those of President Trump will publish reports on their incomes, expenditures, and cash holdings on March 20. Most likely, reports will be publicly available late that evening.

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When the Biden campaign last reported on Feb. 20, only his principal campaign committee—Biden for President—issued a disclosure. It said the candidate raised $15.7 million in January and entered February with about $56 million on hand.

The DNC said it raised about $17.4 million and had about $24.1 million on hand during the same period.

A number of President Biden’s key fundraising accounts—most notably his allied hybrid political action committee FF PAC and joint fundraising committee Biden Victory Fund—will not reveal their financial activities until the middle of April. Those two accounts cumulatively raised more than $184.9 million in 2023, according to the FEC.

Both Biden for President and the DNC will report their finances on March 20.

The Biden for President campaign said much of its money is coming from grassroots donors.

“Since launch, 97% of all our donations were under $200, and 1.3 million donors have made nearly 3.4 million contributions,” it stated. “Additionally, we now have more than 178,000 sustaining donors who have committed to donating every month—more than double the amount at this point in the 2020 cycle.”

Earlier in March, the Biden campaign announced its intent to spend $30 million in the spring to persuade voters in battleground states, which will loom large in the Electoral College.

Regarding President Trump’s campaign and finances, the Biden campaign highlighted a number of news articles that reported on dysfunction in both the Republican Party and the Trump campaign.

President Trump’s legal team scored a victory with a trial delay in New York on March 15 but made headlines again on March 18 when it described the $464 million bond that President Trump must soon pay as “impossible.“

According to Trump-related FEC filings, Save America, a qualified leadership PAC, spent more than $3.6 million on legal expenses in January. In 2023, according to FEC filings, President Trump’s financial network spent more than $55 million on legal proceedings.

Meanwhile, the RNC reported a historically poor fundraising year in 2023. However, the committee saw its donations increase in the first month of 2024.

A portion of President Trump’s financial network and the RNC are due to report their finances on March 20.