New York City, NY – President Biden is set to headline a fundraiser in New York City alongside former Democratic Presidents Barack Obama and Bill Clinton, with expectations to raise more than $25 million. This event has been dubbed as the “most successful political fundraiser in American history” by the campaign. Compared to recent fundraising efforts, this event marks a significant milestone for President Biden, who raised a combined $7 million during a recent swing through Texas and $2.3 million at a fundraiser in Raleigh, North Carolina.
This event in New York City surpasses all previous fundraising efforts, setting a new record for the campaign. It also highlights the widening cash gap between President Biden and his presumptive general election opponent, former President Donald Trump. Trump’s fundraising numbers for February and January fell significantly short of Biden’s recent figures, as he continues to grapple with mounting legal bills and expenses.
As of late March, President Biden’s campaign committees have more than double the cash reserves of Trump’s equivalent groups, with $155 million compared to $74 million. This financial advantage is seen as crucial in reaching and engaging with voters leading up to the election. In contrast, Trump’s campaign has been diverting a significant portion of its funds towards legal fees this year.
The fundraising emails sent out by Trump’s campaign on Wednesday underscore the intense competition between the two camps. The event in New York City, hosted by actress Mindy Kaling, promises performances by a lineup of musical guests including Queen Latifah, Lizzo, Ben Platt, Cynthia Erivo, and Lea Michele. The evening will culminate in a discussion between President Biden, Obama, and Clinton moderated by “The Late Show” host Stephen Colbert.
With over 5,000 tickets already sold for the fundraiser at Radio City Music Hall, the event is expected to draw significant attention and support from donors and supporters. The star-studded lineup and the discussions planned for the evening indicate the importance of fundraising and campaign efforts as the election season heats up.