Biden ramps up efforts for 2024 campaign funds as quarter comes to a close.

President Joe Biden Races Against Time to Fundraise as 2024 Republican Candidates Feel the Pressure

President Joe Biden is facing a tight deadline to raise funds before the end of the financial quarter, while the 2024 Republican presidential candidates are also feeling the heat leading up to the summer’s primary debates.

Despite being outfundraised during the 2020 primary, Biden’s reelection campaign remains confident as the Federal Election Commission’s June 30 disclosure deadline approaches, marking the president’s first disclosure this cycle.

“We’re building on that progress, while also doing really aggressive fundraising: more than 20 fundraisers this month alone, with the four principals,” a Biden spokesman told the Washington Examiner. “There’s two pieces of the campaign that are really important: One is raising money and two is building that Biden coalition and the support that’s needed. That includes investing in the different constituencies that make up the coalition, including unions and including climate voters, and more to come.”

After delaying his reelection launch to maximize fundraising opportunities, Biden has recently ramped up his efforts. Over the past four weeks, he has attended eight fundraisers, working closely with the Democratic National Committee and all 50 state parties for the first time. The joint fundraising committee, known as the Biden Victory Fund, raised over $600 million in 2020 and is expected to play a crucial role in financing Biden’s $2 billion general election campaign next year.

Vice President Kamala Harris, along with first lady Jill Biden, Harris’s husband Doug Emhoff, campaign manager Julie Chavez Rodriguez, deputy campaign manager Quentin Fulks, and DNC Executive Director Sam Cornale, have also been actively fundraising and conducting outreach.

While Democrats may face a potential political disadvantage without Trump in the White House and a competitive primary, recent fundraising numbers show promise. Senate Democrats raised more money than their GOP counterparts, and although House Republicans outfundraised House Democrats last month, the race remains tight.

Republican Presidential Candidates Face Deadline for Primary Debate Participation

Meanwhile, Republican presidential candidates have been given until August 21 to secure a minimum of 40,000 unique donors, with at least 200 from 20 different states or territories, in order to participate in the first primary debate in Milwaukee on August 23.

“I need your help to confirm my spot on the presidential debate stage,” said Sen. Tim Scott (R-SC) to his supporters. “Seriously, just $1 will be a huge help.”

Former Govs. Chris Christie and Asa Hutchinson have urged the Republican National Committee to reconsider the requirement for candidates to pledge their support to the eventual nominee, especially in light of Trump’s federal indictment. The former president himself has hinted at a possible boycott of the event.

The upcoming FEC deadline coincides with the White House’s efforts to highlight the improved post-pandemic economic conditions under Biden’s presidency.

“Today, the U.S. has had the highest economic growth among the world’s leading economies since the pandemic,” Biden emphasized during a speech in Chicago. “We’ve added over 13 million jobs, more jobs in two years than any President has added in a four-year term. And folks, that’s no accident. That’s Bidenomics in action.”

However, Biden seemed to push back against the term “Bidenomics,” which has been used by Republican critics and the Wall Street Journal’s opinion pages. Despite this, the president’s economic approval-disapproval rating remains relatively low.

“I don’t go around beating my chest ‘Bidenomics,’ so the press started calling it Bidenomics,” he explained to reporters.

“Do you not like it, sir?” a reporter asked.

“No, I like it. It’s fine,” Biden replied.

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