His, and Democratic fundraising is growing….
Today he gets help from his former boss Barack Obama….
Former Vice President Joseph R. Biden Jr. will hold his first event of the 2020 campaign with former President Barack Obama on Tuesday, and more than 120,000 people have already paid to attend, according to the Biden campaign, raising more than $4 million.
The joint appearance will be the biggest grass-roots fund-raiser of the cycle for the Democratic Party, serving not just as a coming-out party for the former running mates but also as something of a punctuation mark on Mr. Biden’s arrival as a financial force in his own right.
In May, for the first time, Mr. Biden and the Democratic National Committee outraised President Trump and the Republican Party, $80.8 million to $74 million, and receipts are on pace to surge even higher in June. Mr. Biden’s online fund-raising so far this month has already surpassed May’s $34.4 million total, according to people familiar with the matter. Now, some party officials see $100 million as an achievable goal for June.
“May is the floor for June,” declared Tom Perez, the chairman of the D.N.C., who, along with senior campaign officials, declined to comment on the potential to reach $100 million.
The outpouring of cash has allowed Mr. Biden to sharply cut into the enormous financial advantage that Mr. Trump and the Republican National Committee built in the lead-up to 2020, shaving tens of millions of dollars off what had been a $187 million edge entering April. Since the beginning of March, Mr. Biden and the D.N.C. have banked more than $100 million.
Mr. Biden’s at times anemic fund-raising was one of his most glaring weaknesses during the primary race, when he was often badly outspent by rivals. The recent surge in donations comes as Mr. Trump appears increasingly vulnerable, reeling under the pressure of a national health crisis, an economic collapse and a wave of protests over racial injustice. Mr. Biden leads Mr. Trump in almost every national poll.
Still, Mr. Trump remains a prolific fund-raiser, reportedly raising$10 million at a recent dinner, and he has a significant cash advantage, even if it is no longer triple that of Mr. Biden.
Mr. Biden’s brightening financial picture is the result of a rapid confluence of events…