Biden raised $42 million in January, his campaign says

President Biden raised over $42 million in January and entered February with over $130 million in cash on hand, his campaign says — a record-setting total for a Democratic candidate at this point in a presidential election cycle. 

The sum, raised through Mr. Biden's main campaign committee, his two joint fundraising committees and the Democratic National Committee, comes as polling shows the president with an underwater approval rating and tied — or trailing — former President Donald Trump in what seems likely to be a general election rematch. 

The Biden campaign said January was its strongest grassroots fundraising month since launching in April 2023 and 97% of its donations since then have been under $200.