Biden Wrapping Up Campaign Fundraising Blitz

June 29, 2023 5:24 am

WASHINGTON (AP) — President Joe Biden has cozied up to high-dollar donors at posh Upper East Side penthouses and on West Coast decks gussied up with floral arrangements and flags in recent weeks. He has two more fundraisers in New York on Thursday that will close out an end-of-quarter campaign blitz his team believes will put him on strong financial footing for a contest they expect to set new spending records. While the first quarter is widely viewed as a benchmark of campaign strength, Jeffrey Katzenberg, the Hollywood mogul, Democratic mega-donor and co-chair of Biden’s campaign, said there is “no urgency right now” for Biden to raise or spend vast sums since he lacks a credible primary threat, and the election is 16 months away.