Biden raised $42 million in January, his campaign says
CBSN
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.
President Biden on Monday signed into law a defense bill that authorizes significant pay raises for junior enlisted service members, aims to counter China's growing power and boosts overall military spending to $895 billion despite his objections to language stripping coverage of transgender medical treatments for children in military families.
It's Christmas Eve, and Santa Claus is suiting up for his annual voyage from the North Pole to households around the world. In keeping with decades of tradition, the North American Aerospace Command, or NORAD, will once again track Santa's journey to deliver gifts to children before Christmas 2024, using an official map that's updated consistently to show where he is right now.
An anti-money laundering law called the Corporate Transparency Act, or CTA, appears to have been given new life after an appeals court on Monday determined its rules can be enforced as the case proceeds. The law requires small business owners to register with the Financial Crimes Enforcement Network, or FinCEN, by Jan. 1, or potentially pay fines of up to $10,000.