Which 2024 Presidential Candidate is Raising the Most Money?
Summary from the AllSides News Team
Recent campaign finance filings offered insight into the strength, resources, and momentum of the candidates in the 2024 race for the White House.
Biden: President Joe Biden raised $19.9 million last quarter. The Biden campaign is spending far less than former President Donald Trump and Florida Governor Ron DeSantis, reporting only $1.1 million in expenses the past quarter. The New York Times (Lean Left bias) broke down Biden’s fundraising numbers, finding the bulk of his cash is coming from wealthy donors and stating that the “small-dollar online money spigot” that elevated Biden in 2020 “has not yet turned on.”
DeSantis: DeSantis raised a little over $20 million last quarter, but his high expenses (just under $8 million) led his team to fire around a dozen staffers. A report from the Wall Street Journal (Center bias) found that DeSantis raised over $2 million from donors who previously donated to Trump in 2020.
Trump: Trump raised $17.7 million last quarter. Despite raising less than DeSantis and spending roughly the same amount the past quarter, Trump’s already sizable cash reserve left him with more money on hand, totaling $22.5 million compared to DeSantis’ $12.2 million. Additionally, Trump’s numbers include funds raised in April, before DeSantis announced his campaign and began taking donations.
How the Media Covered It: The fundraising figures were spun in a variety of ways across the spectrum as outlets included different variables, factors, narratives, and figures in their reporting.
Featured Coverage of this Story
From the Right
DeSantis campaign plows forward amid fundraising questions
Gov. Ron DeSantis (R-FL) and his affiliated super PAC are doubling down on efforts to defeat former President Donald Trump and become the GOP's next standard-bearer despite reports his campaign was forced to shed members of his 2024 team due to financial woes.
Trump has nevertheless remained a formidable opponent.
The news over the weekend that his campaign let go of roughly a dozen staffers just two months after launching his presidential bid and that some donors have already maxed out the amount of money they can donate to DeSantis's...
From the Center
Trump Rivals Are Drawing Millions From His 2020 Donors
Nearly 5,000 people who donated to Donald Trump’s re-election campaign have held back checks for the former president this election cycle—and instead have given to Republican rivals.
Supporters of the prior campaign but not the current one donated about $4 million to other GOP candidates since January, according to a Wall Street Journal analysis of newly released campaign finance data. Roughly half of that sum went to Florida Gov. Ron DeSantis, who trails most closely behind Trump in several polls.
Former United Nations Ambassador Nikki Haley, Sen. Tim Scott (R.,...
From the Left
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.
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