Joe Biden Retains Cash Lead in Presidential Race

President Joe Biden continues to surpass his rivals in the 2024 presidential race in terms of cash on hand, according to new federal disclosures.

On May 20, political committees attached to the leading presidential candidates issued public disclosure statements with the Federal Election Commission. Although the filings present an incomplete financial picture, they show President Biden leading the way in terms of cash on hand.

Joe Biden

Only two of President Biden’s political committees issued disclosures, but the pair held more than $141.5 million in cash on hand at the end of April.

According to the FEC, the president’s principal campaign committee, Biden For President, raised $24.2 million in April, a sharp decline from the about $43.8 million the committee raised in the prior month.

Nevertheless, Biden For President retained about $84.5 million in cash on hand at the end of April. The committee spent $25.2 million during the month.

Future Forward, a key Biden ally, also reported in April. The hybrid PAC formerly reported quarterly.

Future Forward, or FF PAC, told the FEC it brought in about $16.2 million in April. The PAC had about $57.1 million in cash on hand at the end of the month. It spent about $678,000 in April. The committee also reported about $16,000 in debts.

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