Biden and Democratic Allies Announce $97 Million Fund-Raising Haul

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President Biden’s re-election campaign said on Monday that, along with two allied committees, it had pulled in $97 million during the most recent fund-raising period. Together, they entered 2024 with more than $117 million in cash on hand, the campaign said.

The Biden operation’s $97 million haul is significant, but its cash on hand number is just $27 million more than it had at the end of September, a function of the campaign’s significant spending on new personnel and more than $25 million in advertising it bought in general-election battlegrounds, where Mr. Biden’s poll numbers have been weak.

The Biden campaign released its fund-raising data more than two weeks before it was required to do so, a clear attempt to distract attention from the Iowa caucuses on Monday, the first nominating contest for the Republican presidential candidates aiming to oust Mr. Biden from the White House.

“The Team Biden-Harris coalition knows the stakes of this election and is ready to win this November,” said Julie Chávez Rodríguez, Mr. Biden’s campaign manager. “These numbers prove that the American people know the stakes and are taking action early to help defeat the extreme MAGA Republican agenda again.”

Former President Donald J. Trump, who has a large lead in polls of the Republican race and is widely expected to win in Iowa, has not yet released his year-end fund-raising numbers. The Trump campaign had $37.5 million in cash on hand at the end of September, the last time filings were reported, and Mr. Biden’s campaign had $32.2 million.

In January 2020, Mr. Trump’s re-election campaign committee alone had $102.8 million on hand — a function of a cash bonanza that followed his first