US President Joe Biden is set to host a record-breaking fundraiser in New York City, alongside his predecessors Barack Obama and Bill Clinton.
Folks, you don’t want to miss this one.
Join @BarackObama, @BillClinton, and me tomorrow for a grassroots fundraiser as we discuss what’s on the ballot in this election and how we will defeat Trump again.
Chip in now to join us: https://t.co/fCFAIsffB3 pic.twitter.com/Ijtsgj2IHM
— Joe Biden (@JoeBiden) March 27, 2024
The event is projected to raise over $25m (£20m) for the Democrat’s re-election campaign – the most ever for a single political event, says his team.
The event looks set to extend a growing cash gap between Mr Biden and his Republican challenger Donald Trump.
The Biden campaign recently declared it had $155m cash to hand.
Mr Trump is also in the New York area on Thursday, attending the wake of a police officer, Jonathan Diller, who was shot and killed in the line of duty.
Despite the Republican’s lower cash pile and legal troubles, a number of national polls indicate he could still beat Mr Biden in their November rematch.
Over 5,000 people are expected to attend the star-studded Democratic fundraiser on Thursday night at Radio City Music Hall, with many more watching online.
Late-night talk show host Stephen Colbert will moderate a conversation with the three presidents.
The event will be hosted by actress Mindy Kaling and feature musical performances from Lizzo, Queen Latifah and Lea Michele.
First Lady Jill Biden will host an after-party for 500 guests. The president’s son, Hunter Biden, and his family are also attending. The tickets are priced between $225 and half-a-million dollars.
For $100,000, guests can get a picture with all three presidents, with star photographer Annie Leibovitz taking the snaps.
President Biden was joined on the Air Force One flight to New York by Mr Obama, whom he served as vice-president from 2009-2017.
Mr Obama, wearing a casual dress shirt, briefly came back for an off-the-record chat with reporters on the presidential jet.
New York ground to a halt for their arrival as the two men’s huge motorcade cut across Manhattan in the pouring rain. Hundreds of onlookers jostled to take pictures.
Mr Biden’s previous best single-day fundraising effort was the $10m he raised in 24 hours after his State of the Union address this month. His fundraising has also been boosted by the advantage of incumbency.
“Biden raising a lot of money is probably a function of him not having any real primary challengers,” Joseph Campbell, a communications professor at American University, told the BBC.
“There’s no competition for Democratic donor money.”
The $155m million in cash his campaign has is the most of any Democratic candidate in history at this point in an election cycle, according to his campaign. Mr Trump and his political action committees reported having $74m.
Also Read: Bill Clinton’s Wealth And Legacy: From Presidency To Prosperity
The Republican candidate raised $20m in the whole of February, less than what President Biden expects to receive just from Thursday’s event.
In addition to Mr Trump’s fundraising challenges, his campaign and committees have spent millions of dollars in legal fees fighting four criminal cases against him.
Mr Trump, 77, blasted the Democratic fundraising event in a fundraising email of his own, sent out by his campaign on Thursday morning.
“Hundreds of deranged Hollywood liberals will be in attendance, and they will open their wallets to fund the destruction of country!” the message said. While Mr Biden has been criss-crossing all the main battleground states in recent weeks, Mr Trump has kept a lower political profile as he juggles court appearances.
The Democratic president’s handling of the economy, inflation, immigration, the Israel-Gaza war and his age (he’s 81) are some of the issues that have been dragging down his approval rating.
Mr Biden has pointed to his legislative accomplishments, including capping insulin costs, a bipartisan infrastructure bill and the first gun control act in decades.
His campaign has spent tens-of-millions of dollars on TV and digital buys targeting black and Latino voters.
The ad blitz follows a flurry of campaign stops Mr Biden has made in black communities across the country, from churches to barbershops to businesses.
The 2024 presidential election cycle is predicted to be the most expensive in history, with an estimated $2.7bn spent on presidential campaign ads alone.
By BBC News
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