Biden campaign brings in $42 million in January, touts 'historic' cash-on-hand

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The Biden campaign raised more than $42 million in January and has $130 million in cash-on-hand--a figure President Biden’s re-election team is touting as "the highest total amassed by any Democratic candidate in history" at this point in the election cycle, Fox News Digital has learned.

The campaign has raised nearly $278 million since the president announced his run for a second term in April 2023.

BIDEN CAMPAIGN REPORTS $97M IN Q4 OF 2023, TOUTS 'HISTORIC' $117M CASH-ON-HAND ON DAY OF IOWA CAUCUSES

"January’s fundraising haul – driven by a powerhouse grassroots fundraising program that continues to grow month by month – is an indisputable show of strength to start the election year," said Julie Chavez Rodriguez, the Biden-Harris 2024 campaign manager, said in a statement. "While Team Biden-Harris continues to build on its fundraising machine, Republicans are divided – either spending money fighting Donald Trump, or spending money in support of Donald Trump’s extreme and losing agenda."

She added: "Either way, judging from their weak fundraising, they’re already paying the political price."

Chavez Rodriguez said that the 2024 election "will determine the fate of our democracy and our freedoms," and stressed that the Biden campaign "is using its resources to build a winning operation that will meet voters where they are about the stakes of this