Biden hits fundraising trail in show of strength after dismal debate performance

US President Joe Biden speaks during a campaign rally in Raleigh, North Carolina, US, June 28, 2024. REUTERS/Elizabeth Frantz

President Joe Biden embarks on a series of fundraising events across two states on Saturday as he works to stamp out a crisis of confidence in his re-election campaign following a feeble debate performance that dismayed his fellow Democrats.

Biden and First Lady Jill Biden will visit the upscale New York beach enclave known as the Hamptons for a campaign fundraiser hosted by hedge-fund billionaire Barry Rosentein. Later in the day, he will travel to New Jersey for a fundraiser hosted by wealthy New Jersey Governor Phil Murphy, a Democrat.

Fellow hedge-fund founder Eric Mindich and his Tony Award-winning producer wife Stacey, celebrity couple Sarah Jessica Parker and Matthew Broderick, and actor Michael J. Fox are all listed as members of the host committee at the New York event, according to an invitation seen by Reuters.

Biden told a rally in North Carolina on Friday he intended to defeat Republican rival Donald Trump in the November presidential election, giving no sign he would heed calls from Democrats who want him to drop out of the race.

Biden's verbal stumbles and occasionally meandering responses during Thursday night's debate heightened voter concerns that the 81-year-old might not be fit to serve another four-year term.

The Biden campaign on Saturday boasted it had raised more than $27 million between debate day through Friday evening, but questions remain about whether the debate performance will hurt fundraising, at least in the short term.