Biden's campaign pulled in $72 million during the second quarter of 2023, which spans from April 1 to June 30, as presidential candidates gear up for what could be the most expensive election in history. Both Democratic and Republican candidates are seeking to raise as much money as possible to spend on advertisements and in travel to critical early-voting states to boost their chances of winning early contests in states such as Iowa, New Hampshire and South Carolina.
The president's reelection campaign highlighted that the $72 million raised came mostly from small donors. His campaign wrote that 97 percent of all donations were under $200, while the donations came from more than 394,000 individuals across each state. The average contribution was $39. While Biden, who is not facing a substantial primary challenge, received nearly universal support fromPresident Joe Biden gives a thumbs up as he walks with first lady Jill Biden at the White House on Friday. Biden announced this week that his reelection campaign raised $72 million, more than his top Republican opponents.Trump, who served as president from 2017 to 2021 and is viewed as the frontrunner in the 2024 race based on recent polls, led the Republican pack in terms of fundraising.
His campaign raised $35 million during the second quarter, nearly double the $18.8 million he raised during the first three months of 2023, according to a July 5 Associated Press report.
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