Biden to court wealthy donors as he preps 2024 campaign in coming weeks.

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U.S. President Joe Biden will hold a number of fundraisers with wealthy Democratic donors in coming weeks as part of his expected bid to return to the White House in 2024, according to three sources familiar with the plans.

Biden and the Democratic National Committee will host fundraisers in New York and Philadelphia next week that coincide with official presidential visits touting legislative successes. Then, the pace and volume of the fundraisers are expected to accelerate in March, the three sources said.

"We have been told to expect fundraising to ramp up in the March and April time frame," said one donor who helped Biden raise money in 2020 and is committed to doing the same this time around.

Biden has yet to officially say he is running for re-election, but he is expected to announce his bid in the weeks after the State of the Union speech scheduled for Feb. 7.

The fundraising kickoff will focus on high-dollar donors as the campaign seeks to raise a war chest of a better part of a billion dollars, for what is expected to be the most expensive presidential campaign in history.

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