President Biden continues to build on his overwhelming economic advantage over former President Donald J. Trump, raising more than $90 million in March with Democrats and affiliated committees, the campaign said.
The campaign said Mr. Biden, his party and their joint account had $192 million on hand heading into April, more than double the amount Mr. Trump reported in his coffers this week. . His campaign said 1.6 million Americans have donated to Biden since he began his re-election bid, reflecting widespread financial support.
Biden campaign finance director Rufus Gifford said these are “real investments that real Americans are making in this campaign.”
Gifford suggested that the campaign's fundraising strength was more important than the polls that consistently show Biden trailing Trump.
“You can't lie about numbers,” Gifford said. “They're not theoretical. This isn't some random poll that just happened in a flash.”
The president's numbers were boosted by $26 million in proceeds from a fundraiser at New York City's Radio City Music Hall that featured former Presidents Barack Obama and Bill Clinton. His campaign also announced that it had raised $10 million in the 24 hours after the March 7 State of the Union address.
Mr. Trump has increased the pace of his own fundraising by hosting wealthy donors at his Mar-a-Lago club in Palm Beach, Florida. His campaign announced that the Republican National Committee raised $65.6 million in March, a record amount for Trump. Month of fundraising so far. Trump campaign aides said they plan to hold their own massive fundraiser in Palm Beach on Saturday, raising more money than Biden's three presidential inaugurations.
But Biden's stunning march may take some of the sails out of Trump's sails.
“We have tremendous momentum right now, and we're going to continue to have that momentum,” said Biden campaign co-chairman Jeffrey Katzenberg. “These are great results for the campaign and a vote of confidence in the president and vice president.”
Of course, having a lot of money does not guarantee victory. And there are signs that Trump may raise more money.
March was the first month that Trump, now considered the party's nominee, began raising money in a joint account with the RNC. These accounts can accept far larger donations than Mr. Trump was allowed in the primaries.
Mr. Trump, the RNC, and their joint account nearly doubled their available cash reserves in April. That amount is now $93.1 million, still far less than Mr. Biden and the Democrats.
Shane Goldmacher and Reid J. Epstein Contributed to the report.