Vice President Kamala Harris has raised almost $500 million in donations for her White House campaign since President Joe Biden dropped out and endorsed her as his successor in July. This substantial amount of money includes funds raised by Harris’ campaign as well as affiliated fundraising entities. It is anticipated that this figure will increase to around $600 million by the end of August, highlighting the excitement surrounding Harris’ nomination as the Democratic nominee.
The surge in donations reflects the enthusiasm surrounding Harris’ candidacy following Biden’s withdrawal from the race against former President Donald Trump, as well as concerns about Biden’s ability to serve another term given his age. Biden’s fundraising slowed significantly following a poor debate performance with Trump in June, leading to doubts among donors about his viability as a candidate. However, Harris’ entry into the race revitalized the fundraising efforts, with her political operation raising $310 million in July, with over $200 million of that coming after Biden’s exit.
As of August, Harris’ campaign has $377 million in cash on hand, surpassing the $327 million held by Trump’s re-election operation at the same time. This substantial financial advantage may give Harris an edge in terms of campaign spending and outreach as the race for the White House heats up. The influx of donations signifies strong support for Harris and her platform, with donors eager to see her defeat Trump and become the first female president of the United States.
The support for Harris highlights her appeal as a candidate and the potential for her to mount a successful campaign against Trump in the upcoming election. Her fundraising success demonstrates her ability to mobilize donors and build a strong financial foundation for her campaign, which will be crucial in competing with Trump’s well-funded operation. With the backing of Biden and a significant war chest at her disposal, Harris is well-positioned to take on Trump and make history as the first female president of the United States.
As a developing story, updates are expected as the campaign progresses and new fundraising figures are released. The ongoing support for Harris and her fundraising success are likely to shape the course of the election and could play a crucial role in determining the outcome. With the race for the White House intensifying, Harris’ ability to sustain her fundraising momentum and capitalize on her financial resources will be key in her efforts to secure victory in the election and make history as the first female president of the United States.
