Representative image

Biden raised record funds, the race for the White House became more intense

Jun 18, 2024

Washington [US], June 18: The fundraising event for US President Joe Biden's re-election bid has just set a new record, while former President Donald Trump is said to have an advantage in battleground states.
The latest fundraising event for President Biden 's re-election campaign took place at the Peacock Theater in Los Angeles City (California) on the evening of June 15 (local time), with the attendance of Mr. Biden, former President Barack Obama and many Hollywood stars, including Jimmy Kimmel, George Clooney and Julia Roberts. This could be one of Mr. Biden's last major fundraising events in Los Angeles until election day.
Record-breaking fundraising amount
To attend the above fundraising event, thousands of Mr. Biden's supporters paid from 250 USD (more than 6.3 million VND) for a seat far from the stage and 500,000 USD (more than 12 billion VND) for a ticket package. including front row seats, photos with Mr. Biden and Obama and an after-party with important figures, according to the Los Angeles Times. In addition, all three actors Kimmel, Clooney and Roberts sent messages calling on supporters to contribute $20 to watch this fundraising event online.
As a result, the fundraising event on the evening of June 15 raised more than $30 million, the largest amount of cash from a fundraising night in Democratic Party history. This number has surpassed the record donation of 26 million USD from Mr. Biden's campaign fundraising event in New York City on the evening of March 28, according to Politico . Attending the fundraising event on the evening of March 28 were Mr. Biden, Mr. Obama, former President Bill Clinton and many other famous figures.
Mr. Biden's campaign called the event on the evening of June 15 the largest Democratic Party fundraiser in history. Democrats have long viewed the Los Angeles area as a rich source of financial support, while Republicans often disparage Democrats nationwide as being funded by Hollywood elites and liberals. in California. However, both Biden and Trump have raised more money in California for their re-election efforts than anywhere else, according to Reuters, citing fundraising records filed with the Federal Election Commission.
Close race
President Biden previously built a fundraising advantage during his campaign, but former President Trump recently overcame this challenge quickly. The Hill newspaper pointed out that the fundraising event for Mr. Trump's election campaign in Florida that took place on April 6 surpassed Mr. Biden's event on the evening of March 28 in New York, with donations amounting to 50.5 million. USD.
In May, Mr. Trump also raised $141 million, with most of it raised after he was found guilty by a New York jury on May 30 on all 34 charges of falsifying records. to hide the payment of hush money to adult film actress Stormy Daniels before the 2016 election, according to Politico . To date, Mr. Biden's campaign has not announced its fundraising total for May.
Meanwhile, national polls show that Biden and Trump are tied with less than 5 months left until the election, according to Reuters. However, recent poll results show that Mr. Trump has an advantage in battleground states that are expected to decide the election. In addition, Mr. Trump is rated higher by voters than Mr. Biden for handling economic issues such as inflation.
Source: Thanh Nien Newspaper