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You are here: Home / Biden Legacy / Biden Struggles to Raise Money

Biden Struggles to Raise Money

May 24, 2025 at 10:54 pm EDT By Taegan Goddard Leave a Comment

Wall Street Journal: “Some major donors have been reluctant to give money to his presidential library, and some allies privately worry it will not open during his lifetime… Biden’s speaking fees, which can range from $300,000 to $500,000, are below what former President Barack Obama commands… So far, few organizations have been willing to pay for Biden.”

“Making matters more difficult, Biden faces pressure that other past presidents didn’t. He aims to quickly amass an inheritance for his grandchildren… His son Hunter, with five children, has struggled to find a professional footing and another son, Beau, died in 2015, leaving prongs of the family for whom the Bidens have taken on some financial responsibility.”

“The most significant hurdle is a hardening view that his presidency failed to deliver on its core promise of moving the country past Donald Trump.”

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About Political Wire

Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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