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US Elections

Harris' main fundraising group raised four times as much as Trump in July

Kamala Harris' main campaign fundraising group raised four times as much money in July as that raised by Donald Trump's campaign, according to federal disclosures filed late on Tuesday, a sign of enthusiasm ahead of the Nov. 5 presidential election.
Reuters
spector on Harris/trump econ policies; convention recap, rfk jr US Vice-President Kamala Harris speaks during a campaign event at Fiserv Forum in Milwaukee, Wisconsin, US, on Tuesday, 20 August 2024. (Photo: Bing Guan / Bloomberg via Getty Images)

Democratic Vice President Harris' campaign told the Federal Election Commission it raised $204 million last month, compared to $48 million reported to the body by Republican former President Trump's main fundraising group.

Harris' figures include money raised during the month before she launched her candidacy on July 21, when President Joe Biden folded his flagging re-election effort. Biden endorsed Harris, who took over control of Biden's fundraising group. The records show the group raised more than $60 million in the first three days of Harris' candidacy.

Harris also outspent Trump during the month, $81 million to $24 million, according to their FEC reports.

The Harris campaign had previously announced that the campaign and the Democratic Party's main fundraising group had raised a combined $310 million in July, while the Trump campaign had similarly said that it and the Republican Party had raised a combined $138 million.

While the candidates and their parties work together, the sums raised by the campaign are important because the campaigns are by law given steep discounts on television ads, while the parties and other allied groups must pay full price.

Trump's re-election effort also received a massive contribution last month from conservative billionaire Timothy Mellon, who gave the pro-Trump super PAC known as MAGA Inc another $50 million. Mellon, an heir of the Pittsburgh-based Mellon banking family, has given MAGA Inc at least $115 million this year. The super PAC is one of the biggest spenders in the election, and reported spending more than $43 million in July to help Trump's election effort.

Big contributions also flowed into a top super PAC backing Harris known as Future Forward PAC, including $5 million donated by Marc Stad, an investor in Silicon Valley firms, after Harris launched her campaign.

(Reporting by Jason Lange; additional reporting by Katie Paul; Editing by Scott Malone, Chizu Nomiyama and Deepa Babington)

Comments

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Veronica Baxter 22 August 2024 07:28 AM

I don't understand why the amount of money raised by the campaigns is a factor in election potential? I understand that money buys influence, but does this mean that Harris has more influence, and therefore should she be elected, so will her donors? Is this what is known as buying an election?

Rae 22 August 2024 08:32 AM

Harris is a light at the end of a seriously dark Trump dominated tunnel. People are sick of his never ending lies and stream of hatred and insults to fellow Americans. That is why they're pouring financial support into Kamala Harris and the Democrats. Strength to them and almost certain success.

Rae 22 August 2024 08:32 AM

Harris is a light at the end of a seriously dark Trump dominated tunnel. People are sick of his never ending lies and stream of hatred and insults to fellow Americans. That is why they're pouring financial support into Kamala Harris and the Democrats. Strength to them and almost certain success.

George 007 22 August 2024 09:07 AM

It is a strong, very strong actually, indicator of a candidate's support among voters. People who send money to the candidate will vote for that candidate.

l***l@g***.com 22 August 2024 10:39 AM

It's not supporters sending money more like organisations that want to use her like a puppet :::