President Joe Biden will convene more than 150 of his biggest donors at a lux Washington, DC, hotel over the next two days, a sign, even in the campaign’s earliest stages, of the importance he will place on raising a war chest to take on Republicans in his reelection fight.
Biden’s team hopes dampened enthusiasm among Democrats for his reelection bid won’t translate to struggles raising campaign cash with high-dollar and grassroots supporters. In the campaign’s opening days, top Biden donors told CNN they’d received a positive response to his announcement and predicted little trouble raising money from top contributors.
Yet just as Biden faces headwinds in the election itself, his ability to raise north of a billion dollars will be tested by an uncertain economy and Democrats who appear tepid over his decision to run again.
In remarks at a reception with some of his most loyal fundraisers Friday evening, the president will provide donors a window into his strategy and messaging while highlighting “the stakes have gotten even higher” since his 2020 faceoff with Donald Trump, “as MAGA Republicans fight to take away women’s right to choose, ban books, and gut Social Security and Medicare,” a campaign official previewing the event to CNN said.
Vice President Kamala Harris, first lady Jill Biden and second gentleman Doug Emhoff will be on hand for the event as well as big fundraising Democratic governors – Wes Moore of Maryland, Phil Murphy of New Jersey and Gavin Newsom of California, the official said.
On Saturday, donors will receive strategy briefings from longtime Biden advisers and Democratic National Committee officials. The official said discussions will focus not just on raising cash for the reelection campaign but also mapping out a “winning strategy that will fund winning campaigns from the top of the ticket on down.”
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