The fundraising strategy is an expansion of Biden and the DNC's 2020 efforts.
President Joe Biden and the Democratic Party are beefing up their fundraising strategy for the 2024 election.
Biden's joint fundraising committee, the Biden Victory Fund, is now raising campaign cash with all 50 state Democratic Party committees, along with Washington D.C.'s local committee, the president's campaign told CNBC. The Biden team said the new effort represents the first time a candidate for president has joint fundraising agreements with every state party, along with D.C.
The beefed-up joint fundraising strategy could give Biden's campaign and the Democratic Party a major boost for the general election. The new agreement allows the Biden Victory Fund to reap up to $929,600 from an individual donor, according to the DNC official.
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