President Joe Biden is slated to attend a high-profile fundraiser event in the Hamptons this Saturday, despite facing criticism for his recent debate performance and calls to drop out of the 2024 presidential race. The president, accompanied by First Lady Jill Biden, will depart from La Guardia airport for a reception hosted by hedge-fund billionaire Barry Rosentein and his wife Lizanne in East Hampton, NY.

Notable figures in attendance include art dealer Larry Gagosian, hedge-fund manager Jim Chanos, and hedge-fund titan Eric Mindich, along with his wife, Tony Award-winning producer Stacey. A star-studded host committee boasting celebrity couple Sarah Jessica Parker and Matthew Broderick, as well as actor Michael J. Fox, adds to the exclusive nature of the event. Tickets for the fundraiser are priced as high as $250,000 per person, as reported by the East Hampton Press.

Prior to the fundraiser, President Biden dedicated Friday to celebrating LGBT Pride Month and the 55th anniversary of the Stonewall Riots in New York City. He joined musician Elton John for the festivities and also attended another fundraising event at the Hammerstein Ballroom. The Biden campaign proudly announced that they raised $14 million on the day of the debate and the following morning, surpassing Team Trump's haul of $8 million.

Following the Hamptons fundraiser, the Bidens will make their way to Middletown, NJ, where they will attend a second campaign reception hosted by Governor Phil Murphy at his waterfront home. The president and first lady are expected to conclude their weekend at Camp David, the presidential retreat in Maryland.

Despite facing criticism, Team Biden remains persistent in their belief that their candidate should remain in the race for the next presidential election. The upcoming fundraising events further emphasize their determination to accumulate the necessary resources and support to sustain the campaign.

President Biden's participation in these highly exclusive fundraisers serves as a testament to his campaign's commitment to secure significant financial backing, demonstrating their belief in his candidacy moving forward.