The campaign to re-elect President Joe Biden said on Monday it has raised $97 million in the fourth quarter and claimed the highest war chest of any Democratic presidential candidate in history.
According to Reuters, the $97 million raised was only topped by the $154 million that former President Donald Trump and the Republican Party raised in the fourth quarter of 2019, ahead of a race that Trump lost to Biden.
The Biden campaign said it had $117 million in cash on hand at the end of December. The Trump campaign, which has yet to disclose fourth-quarter numbers, had $38 million in cash on hand at the end of September.
“Our democracy and hard-fought basic rights and freedoms are on the line in 2024, and these numbers prove that the American people know the stakes and are taking action early to help defeat the extreme MAGA Republican agenda again,” said Julie Chavez Rodriguez, the campaign manager, in a statement. The campaign said 97% of the donations in the fourth quarter were under $200.
The RealClearPolitics poll average has Trump narrowly ahead of Biden in a likely rematch for 2024, by 1.1 percentage points.
Trump is expected to easily win Iowa’s caucuses for the Republican nomination on Monday night, ahead of a more challenging contest in New Hampshire against former United Nations ambassador and South Carolina governor Nikki Haley.
This story originally appeared on Marketwatch
