He’s Biden his time
In America, there is an important difference between teasing a presidential campaign and launching it. Only once a candidate has formally declared can they start officially raising money. Political action committees can fundraise on behalf of potential candidates before that point, but there are limits on the amount they can receive.
But so far Mr Biden’s signalling seems to have dampened any serious primary challenges. That means Mr Biden does not need to worry about fundraising comparisons. But at the same time he has no need to enter the fray early and “it will be easy for [the president] to build up a war chest even starting in August or September,” says Mr Toner—all of the money he raises can go towards the general election.
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