Joe Biden has teamed up with former presidents Barack Obama and Bill Clinton for a fundraiser in New York.

What Happened: The Biden campaign is hopeful that this event will raise $25 million. The discussion among the three presidents will be moderated by late-night host Stephen Colbert, with actress Mindy Kaling serving as the emcee for the event, reported The Washington Post.

Meanwhile, Donald Trump is planning to host a fundraiser in Florida, aiming to raise more than $33 million, as reported by ABC News. This would top the new single-event fundraising record set by Biden. Trump’s campaign is inviting wealthy donors to his Mar-a-Lago estate for the event.

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Earlier, Biden, Obama, and ex-House Speaker Nancy Pelosi rallied virtually to mark the 14th anniversary of the Affordable Care Act (ACA), focusing on Biden's healthcare accomplishments, according to another Benzinga report.

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