<p>President <a href="https://www.dailywire.com/topic/joe-biden" target="_blank" rel="noopener">Joe Biden</a>&#8216;s re-election effort announced fundraising numbers on Monday that the campaign touted as a significant indicator of strong public support despite polling that signals trouble ahead and other challenges on the horizon.</p>
<p>Donors gave Biden&#8217;s team and allied entities of the Democratic Party $97 million in the final three months of 2023 and their $117 million cash on hand is &#8220;the highest total amassed by any Democratic candidate in history at this point in the cycle,&#8221; boasted a campaign email <a href="https://www.washingtonexaminer.com/news/campaigns/2796416/biden-campaign-crows-fundraising-better-than-obama/#google_vignette" target="_blank" rel="noopener">reported by the Washington Examiner</a>.</p>
<p>The haul not only outpaced fundraising in the <a href="https://www.politico.com/news/2023/10/15/biden-dnc-fundraising-fec-00121591" target="_blank" rel="noopener">previous</a> two <a href="https://www.cnbc.com/2023/07/14/biden-2024-campaign-raises-over-72-million-in-second-quarter.html" target="_blank" rel="noopener">quarters</a> the $71-$72 million range but also eclipsed the <a href="https://www.washingtonpost.com/blogs/the-fix/post/president-obama-raised-68-million-in-fourth-quarter/2012/01/11/gIQAX07EtP_blog.html" target="_blank" rel="noopener">$68 million</a> former President Barack Obama&#8217;s re-election endeavor got in the fourth quarter of 2011. But, as <a href="https://twitter.com/PhilipWegmann/status/1746901757861499147" target="_blank" rel="noopener">noted by some</a> <a href="https://dailycaller.com/2024/01/15/biden-campaign-fundraising-problem/" target="_blank" rel="noopener">in the media</a>, Biden&#8217;s fundraising muscle is less impressive when the numbers are adjusted for inflation and because it was <a href="https://hotair.com/headlines/2024/01/15/biden-harris-raises-97m-in-q4-cash-on-hand-hits-dem-record-n605086" target="_blank" rel="noopener">relatively recently</a> — when Obama ran in 2008 — that major candidates began to <a href="https://www.nytimes.com/2008/06/20/us/politics/20obamacnd.html" target="_blank" rel="noopener">break away</a> from the modern public financing model and its limits.</p>
<p>Former President <a href="https://www.dailywire.com/topic/donald-trump" target="_blank" rel="noopener">Donald Trump</a>, the Republican <a href="https://www.dailywire.com/news/iowa-gop-caucus-all-the-final-polls" target="_blank" rel="noopener">leading in the polls</a> heading into the Iowa caucuses on Monday, has not released his 2023 fourth-quarter fundraising numbers as of press time. Trump&#8217;s third quarter filing, for July through September, showed that his re-election effort <a href="https://www.cnn.com/2023/10/04/politics/trump-campaign-fundraising-third-quarter/index.html" target="_blank" rel="noopener">raised about $45.5 million</a> and had $37.5 million cash on hand. That war chest <a href="https://www.axios.com/2023/10/18/trump-2024-campaign-cash-funding-election" target="_blank" rel="noopener">put Trump ahead</a> of the other GOP candidates. Like Biden&#8217;s team has done, Trump&#8217;s campaign claimed the numbers were fueled by robust grassroots support.</p>
<p>Both frontrunners are faced with hurdles this election year. Trump is spending a great deal of time and resources trying to fend off an array of criminal and civil cases in court. He is also contending with efforts to <a href="https://www.dailywire.com/news/oregon-supreme-court-shoots-down-challenge-seeking-to-remove-trump-from-ballot" target="_blank" rel="noopener">remove him from the ballot</a> in a number of states. Biden is <a href="https://projects.fivethirtyeight.com/polls/president-primary-d/" target="_blank" rel="noopener">far and away the favorite</a> to win the Democratic Party&#8217;s nomination, but he is <a href="https://www.dailywire.com/news/bidens-re-election-bid-hit-with-foreboding-new-years-eve-forecast-on-msnbc" target="_blank" rel="noopener">grappling</a> with low approval numbers and questions about his fitness to continue serving while in his 80s. And there remain policy challenges such as border security and political minefields, including a corruption-focused impeachment inquiry that has embroiled the president&#8217;s family.</p>
<p>It also remains to be seen just how much of an impact a third-party candidate will have on the general election, particularly <a href="https://www.nytimes.com/2023/12/04/us/politics/rfk-jr-2024-election-pac.html" target="_blank" rel="noopener">a well-funded effort</a> boosting Robert F. Kennedy Jr., as voters <a href="https://www.pbs.org/newshour/politics/few-u-s-adults-want-a-biden-trump-rematch-in-2024-ap-norc-poll-shows" target="_blank" rel="noopener">show little appetite</a> for a 2020 rematch between Trump and Biden. Yet for the moment, as the country waits to see how Iowa&#8217;s first-in-the-nation GOP caucuses pan out, the team behind Biden and Vice President Kamala Harris is voicing optimism as donations surge in their direction.</p>
<p>&#8220;The Team Biden-Harris coalition knows the stakes of this election and is ready to win this November,&#8221; said Biden’s campaign manager Julie Chávez Rodríguez, <a href="https://www.nytimes.com/2024/01/15/us/politics/biden-fundraising-democrats.html" target="_blank" rel="noopener">according to The New York Times</a>. &#8220;These numbers prove that the American people know the stakes and are taking action early to help defeat the extreme MAGA Republican agenda again.&#8221;</p>

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Team Biden Reports Big Fundraising Numbers For End Of 2023

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Team Biden Reports Big Fundraising Numbers For End Of 2023