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Politics

New Donor Report Spells Doom For Biden’s 2024 Campaign

via Washington Post

President Biden and former President Trump are taking different approaches to fundraising for 2024.

Biden relies more on large corporate donations, with 35% of his funds coming from contributions over $2,000.

Only 38% come from small donations under $200.

For Trump, 61% come from small donations and just 9% from large donors.

Between 2020-2024, Biden’s large donor funding increased 10 points while Trump’s decreased by 10 points.

Biden recently held a New York fundraiser with Clinton and Obama that raised $26 million, with tickets up to $25,000 each.

Outside, pro-Palestinian protesters heckled Biden supporters over his Israel policy.

Trump met billionaire donors like Musk but he denied plans for massive donations currently.

The Republican National Committee saw its highest post-2020 earnings after leadership changes, boosting Trump’s fundraising hopes.

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