Biden, With Sluggish Small Donations, Waits for Liberal Energy to Rise

When President Biden traveled to San Francisco last month, he raised more than $10 million in 36 hours from wealthy Democrats. Trips to Chicago and New York netted millions more, as did fund-raising events around Washington, proving that the party’s big-donor class is fully committed to Mr. Biden’s re-election campaign.

But the small-dollar online money spigot that helped Mr. Biden smash fund-raising records during his 2020 presidential campaign has not yet turned on, and there are ample signs that it may be months before it does.