US President Joe Biden and Vice President Kamala Harris smile after signing the Emmett Till Anti-lynching Act, making lynching a hate crime under federal law, during a ceremony in the Rose Garden of the White House in Washington, DC, March 29, 2022.
Nicholas Kamm | AFP | Getty Images
President Joe Biden raised over $72 million for his 2024 reelection effort in the second quarter of this year, according to the Biden-Harris campaign.
That massive haul took place between April 1 and June 30. The fundraising success was spread across all of Biden’s reelection entities, including his campaign and joint fundraising committees. The joint entities also raise money for the Democratic National Committee and all 50 state Democratic party committees.
The Biden entities ended the quarter with a combined $77 million in cash on hand for a presidential campaign battle next year that is poised to be the most expensive in American history. Vice President Kamala Harris has also had an active role in fundraising for the Biden team, including attending numerous small and high dollar events.
Biden also outraised the 2024 campaigns of former President Donald Trump and Florida Gov. Ron DeSantis, the leading candidates in the Republican presidential primary.
Trump’s campaign finished raising over $35 million during that same time period. DeSantis’ campaign, which officially launched in May, raised $20 million. DeSantis’ allied super PAC, Never Back Down, raised $130 million since DeSantis got into the race.
The Biden campaign said that its $77 million cash on hand for Team Biden “represents the highest total amassed by a Democrat at any comparable point in history.”
Biden’s campaign manager, Julie Chavez Rodriguez, said in a statement that their fundraising success reflects how they believe Republicans are burning through their resources in the primary.
“While Republicans are burning through resources in a divisive primary focused on who can take the most extreme MAGA positions, we are significantly outraising every single one of them – because our team’s strength is our grassroots supporters,” Rodriguez said.
Spokespeople for the Trump and DeSantis campaigns did not immediately respond to requests for comment from CNBC.