Biden team raised $53 million in February, entering general election with major cash advantage

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CNN
 — 

President Joe Biden’s marketing campaign effort introduced in $53 million in February, an indication of accelerating donor curiosity over a month that noticed the election rematch crystalize between Biden and former President Donald Trump.

The determine, which incorporates funds from Biden’s marketing campaign, the Democratic Nationwide Committee and associated joint fundraising committees, contributed to the $155 million Biden’s effort had within the financial institution on the finish of February.

That’s probably the most money any Democratic presidential candidate has ever had at this stage within the election cycle, and gives Biden a big benefit over Trump, whose fundraising has lagged behind the Democrats’ over the course of the marketing campaign season.

Fundraising has amounted to a vivid spot for Biden’s reelection effort, at the same time as he battles low approval rankings and a few polls exhibiting him trailing Trump in key battleground states.

Flush with money, Biden’s crew is spending this month scaling up its operation in battleground states, together with opening 100 workplaces and hiring 350 staffers.

The president has additionally been touring extensively to electoral battlegrounds as the overall election marketing campaign will get underway, with extra stops in Nevada and Arizona scheduled this week. The marketing campaign is required to reimburse the federal government for the price of flying Air Drive One on political journey and should cowl different journey bills.

And the marketing campaign has invested closely in tv promoting, together with a $30 million initiative in battleground states that started after Biden delivered his State of the Union address this month. The marketing campaign stated that speech generated $10 million in donations, a serious sum that isn’t mirrored in February’s numbers.

Biden’s fundraising efforts in February included a three-day swing in California that was anticipated to boost as a lot as $10 million. Different prime cash-generating moments included the Republican main in South Carolina, which introduced in $1.6 million for Biden’s effort, and an e mail from first girl Jill Biden following the discharge of particular counsel Robert Hur’s report, which raised $853,000.

A contest for supporters to win tickets to an occasion subsequent month that includes Biden and former Presidents Barack Obama and Invoice Clinton additionally introduced in $4 million in February.

In all, the Biden marketing campaign says it has obtained donations from 1.3 million donors because the begin of the marketing campaign final 12 months, with 97% coming in underneath $200. February was the strongest grassroots fundraising month up to now, the marketing campaign stated.

“It provides you a barometer of the grassroots enthusiasm, significantly at this stage of the race. It’s going to hockey stick. And your objective at this stage of the race is to get the baseline from which you hockey keep on with be as excessive as attainable. And that occurs since you’ve bought actually enthusiastic supporters,” stated Rob Flaherty, Biden’s deputy marketing campaign supervisor, in an interview.

In 2020, Biden raised cash from greater than 6 million individuals, an indication of upside within the variety of donors who may emerge later within the 12 months.

Biden marketing campaign officers say that as extra Individuals take in the fact of the Biden-Trump rematch — and the potential for Trump to return to the White House — extra contributions might be unlocked.

In some ways, that shift has already began to take maintain. In February, a collection of e mail solicitations specializing in Trump because the doubtless GOP nominee and issuing reminders of the previous president’s document drove up grassroots donations to Biden. In all, the Biden crew noticed fundraising from emails improve 40% from the earlier month.

“One transition that occurred in the midst of this month is the salience of the distinction actually grew,” stated Flaherty. “It had been, one of the simplest ways to boost was to speak concerning the president and the agenda and all of that. We are actually beginning to see the efficiency of the anti Trump content material.”

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