Biden to court wealthy donors as he preps 2024 campaign in coming weeks: Reuters sources

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Biden to court wealthy donors as he preps 2024 campaign in coming weeks: Reuters sources
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U.S. President Joe Biden will hold a number of fundraisers with wealthy Democratic donors in coming weeks as part of his expected bid to return to the White House in 2024, according to three sources familiar with the plans.

Biden and the Democratic National Committee will host fundraisers in New York and Philadelphia next week that coincide with official presidential visits touting legislative successes. Then, the pace and volume of the fundraisers are expected to accelerate in March, the three sources said.

Biden has yet to officially say he is running for re-election, but he is expected to announce his bid in the weeks after the State of the Union speech scheduled for February 7. Biden's campaign in 2020 was the first presidential candidate in history to raise over $1 billion, as he battled Republican Donald Trump.

Outside groups raised another $580 million for Biden in 2020. Aides are divided over whether to rely on a super-PAC this time around for outside help, and, if so, which one, sources tell Reuters.

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