Biden's Political Operation Raises $42 Million in January, Gearing Up for Likely Rematch with Trump

President Joe Biden's political operation has announced it raised $42 million in January, accumulating funds for a potential rematch with Donald Trump. Despite trailing Trump's 2020 figures, Biden's campaign and the Democratic National Committee have seen a significant increase in cash reserves. The campaign released the fundraising total ahead of the Federal Election Commission's deadline, with details on the specific allocation of funds still pending. As of the end of January, the political operation reported having $130 million in cash across all entities. While Trump's 2024 campaign has yet to release its January fundraising totals, it is important to note that the numbers will not be directly comparable to his incumbent fundraising figures.

Financial Performance

The Biden campaign and the Democratic National Committee have accumulated $42 million in January, bringing their cash reserves to $130 million by the end of the month. This was announced ahead of the Federal Election Commission's deadline, with details on the specific allocation of funds still pending.