• President Joe Biden’s campaign is reportedly struggling to launch due to “sluggish” fundraising numbers that reveal a lack of enthusiasm among small and large donors for his reelection bid.
• Biden’s campaign staffers are privately worried that his reelection announcement has not raised enough money to show strength in the face of poor polling for his 2024 candidacy, according to a report Friday.
• “[T]hose close to Biden are worried they won’t have a big number to announce after the president formally launched his bid Tuesday morning,” Bloomberg reported, noting “fundraising totals are a proxy for enthusiasm.”
• The campaign had reportedly planned to release its fundraising total 48 hours after Tuesday’s reelection announcement but apparently put the disclosure on ice until the numbers appear larger. Political campaigns are required to announce fundraising totals as late as July.

Tagged: #Bidenflation