The morning after President Biden’s fundraiser with former Presidents Bill Clinton and Barack Obama, his campaign team has scheduled a daylong retreat for 175 of his biggest financiers and fundraisers in New York on Friday.
The gathering of what the campaign is calling Mr. Biden’s “National Finance Committee” will feature a half-dozen briefings from his top policy advisers, including his campaign manager Julie Chavez Rodriguez and two former top White House aides who have moved on to lead him Campaign, Jennifer O’Malley Dillon and Mike Donilon.
The meeting at the InterContinental New York Barclay Hotel is a sign of how the president draws his financial strength not only from grassroots donors but also from major donors, who are sending checks of up to $929,600 to the Biden Victory Fund, a joint venture, donations can be made by Mr. Biden and the national and state Democratic parties.
To qualify as a member of Mr. Biden’s national finance team, donors are asked to write a check for at least $47,900.
But that’s just the beginning. To be considered a “presidential partner,” donors must raise $2.5 million, while a “major shareholder” must raise $750,000.
Donors are also expected to hear from Quentin Fulks and Rob Flaherty, who serve as deputy campaign managers, as well as Dan Kanninen and Lauren Brainerd, director and deputy director of Battleground States. A survey and messaging presentation as well as a financial presentation are also planned.
The meeting comes on one of the final days of the first quarter of 2024, a key fundraising date as the Biden campaign hopes to extend its early financial advantage over former President Donald J. Trump.
The Biden campaign said it, along with the party, began March with $155 million in cash on hand. The Trump campaign and the Republican National Committee had a combined $44.8 million.
Already this month, the Biden campaign announced that the Obama-Clinton joint event was expected to raise more than $25 million.
It was not announced whether Mr. Biden, who is expected to spend Thursday evening in New York, will speak to donors, although he did speak at the last meeting of the National Finance Committee when he first entered the race in late April 2023.
Source link
2024-03-29 09:04:12
www.nytimes.com
