"Biden's Campaign War Chest Surpasses Republican Rivals for 2024 Election"

President Joe Biden's reelection campaign has significantly increased its cash reserves, reporting over $117 million on hand, giving him a substantial advantage over former President Donald Trump's operation, which reported about $42 million in cash reserves. Biden's campaign spent $19.3 million in the final quarter of 2023, with a ballooning payroll and a pivot to a longer general election season. The fundraising advantage is already translating into a historic $250 million TV ad buy for the general election, targeting seven battleground states.