Biden campaign reports $97M in Q4 of 2023, touts 'historic' $117M cash-on-hand on day of Iowa caucuses

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The Biden campaign raised more than $97 million in the fourth quarter of 2023, and has $117 million cash-on-hand — the "highest total of any Democratic candidate in history" at this point in a presidential election cycle.

The campaign announced Monday that President Biden’s re-election campaign is entering the 2024 presidential election year with "historic resources," and touted the campaign’s grassroots efforts.

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"This historic haul—proudly powered by strong and growing grassroots enthusiasm—sends a clear message: the Team Biden-Harris coalition knows the stakes of this election and is ready to win this November," Biden campaign manager Julie Chavez Rodriguez said. "Across our coalition, we are seeing early, sustained support that is helping us scale our growing operation across the country and take our message to the communities that will determine this election."

She added: "Our democracy and hard-fought basic rights and freedoms are on the line in 2024, and these numbers prove that the American people know the stakes and are taking action early to help defeat the extreme MAGA Republican agenda again."

The campaign out-raised its Q3 numbers. In October, the campaign announced it raised approximately $71 million in the third quarter of 2023.

The campaign said it has