Biden's 2024 Debate Performance Triggers Fundraising Surge for Both Candidates

In the wake of President Biden's highly criticized performance in the first presidential debate of 2024, both the Biden and Trump campaigns have reported significant fundraising gains. Biden raised $33 million over three days following the debate, while Trump's campaign and the RNC outpaced Biden in overall fundraising for the past quarter.

The highly anticipated first presidential debate of 2024 between President Biden and former President Trump has sparked a surge in fundraising for both campaigns.

Biden's 2024 Debate Performance Triggers Fundraising Surge for Both Candidates

Biden's camp has reported raising $33 million in the three days following the debate, which featured Biden's halting delivery and stumbling answers. The surge included a record-breaking $8 million raised at a single fundraiser in Northern Virginia.

Meanwhile, the Trump campaign and the Republican National Committee (RNC) have announced that they raised a staggering $331 million in the second quarter of 2024, outpacing Biden's $264 million. As of June 30th, Trump's campaign had $284.9 million in cash on hand, compared to Biden's $240 million.

Biden's 2024 Debate Performance Triggers Fundraising Surge for Both Candidates

The Biden campaign attributed its post-debate fundraising boost to a renewed sense of urgency among supporters who were concerned by Biden's performance. The campaign also highlighted that its best fundraising hour came immediately after the debate ended.

The Trump campaign, however, maintains that Biden's spending has been ineffective. The campaign pointed to Biden's significant advertising expenditures, which have not significantly boosted his poll numbers or voter enthusiasm.

Biden's 2024 Debate Performance Triggers Fundraising Surge for Both Candidates

Fundraising is a key metric used to measure the strength of a candidate and their campaign. Money raised can be used to build up grassroots outreach, get-out-the-vote operations, staffing, travel, and advertising.

The Biden campaign has been investing heavily in its ground operation, hiring over 1,000 staff members and opening 200 coordinated offices in key battleground states. The Trump campaign, on the other hand, has focused on building its online presence and holding rallies across the country.

Biden's 2024 Debate Performance Triggers Fundraising Surge for Both Candidates

Despite Biden's recent fundraising surge, the Trump campaign argues that he is wasting his money. The campaign points to Trump's strong polling numbers and the divisions within the Democratic Party as evidence that Biden is not a viable candidate.

The 2024 presidential election is shaping up to be a closely contested race, and fundraising will play a crucial role in determining the outcome. The Biden and Trump campaigns will continue to aggressively solicit donations as they seek to gain an advantage in the months leading up to the election.

Biden's 2024 Debate Performance Triggers Fundraising Surge for Both Candidates