Harris raised 4 times more than Trump in donations for final election sprint

Harris raised 4 times more than Trump in donations for final election sprint


Vice President and Democratic presidential candidate Kamala Harris (R) shakes hands with former President and Republican presidential candidate Donald Trump during a presidential debate at the National Constitution Center in Philadelphia on Sept. 10, 2024.

Saul Loeb | Afp | Getty Images

Vice President Kamala Harris substantially outraised and outspent former President Donald Trump in August, ending the month with more cash to fund her final sprint to the November election, according to new filings from the Federal Election Commission.

The Harris campaign raised over $189 million in August, more than quadruple the $44 million sum that the Trump campaign brought in.

Those figures reflect fundraising specifically for the candidate’s main campaign accounts and do not include donations to the other branches of their political operations.

The Harris campaign announced earlier this month a total $361 million August haul from campaign donations joint with the Democratic National Committee and fundraising committees. That dwarfed the $130 million raised between the Trump campaign and its joint fundraising committees.

These figures do not factor in September donations, including the Harris campaign’s $47 million cash bump from nearly 600,000 donors in the 24 hours following the first and possibly only Harris-Trump debate.

Read more CNBC politics coverage

The new FEC filings depict a steady surge of donor enthusiasm for Harris, even as the initial hype of Democrats’ July candidate swap tempered. The entire Harris political operation raised $310 million in July after President Joe Biden ended his candidacy and endorsed her to take over the Democratic ticket.

Harris has also flipped the donation gap to Democrats’ favor, erasing the fundraising lead Trump and Republicans had before Biden dropped out.

Since then, the Harris campaign has been outspending Trump with an advertising blitz across television and digital platforms, along with along with other campaign expenses.

Harris and the DNC jointly spent $258 million in August, well above the $121 million that Trump and the RNC disbursed, according to FEC filings.

“As we enter the final stretch of this election, we’re making sure every hard-earned dollar goes to winning over the voters who will decide this election,” Harris campaign manager Julie Chavez Rodriguez said in a press release earlier this month.

Heading into the final sprint of the presidential race, the Harris team ended August with $404 million in cash on hand, outpacing the $295 million war chest reported by Trump’s operation.

The Trump campaign assured that its donations will carry it through the rest of the race.

“The Trump-Vance campaign has momentum for the final stretch of the race,” Trump campaign senior adviser Brian Hughes said in a statement. “These fundraising numbers from August are a reflection of that movement.”



Source

Japan’s bond market ignites fears of outflows from U.S., carry trade unwind and market turmoil
World

Japan’s bond market ignites fears of outflows from U.S., carry trade unwind and market turmoil

The Bank of Japan headquarters in Tokyo, Japan, on Sept. 27, 2021. Toru Hanai | Bloomberg | Getty Images Japan’s bond market is igniting fears of capital flight from the U.S. and a carry trade unwind as long-dated yields hover near record highs. Yields resumed their move higher Wednesday as demand for 40-year government bonds […]

Read More
Auto giant Stellantis appoints Antonio Filosa as new CEO
World

Auto giant Stellantis appoints Antonio Filosa as new CEO

Stellantis North America COO and Jeep CEO Antonio Filosa speaks during the Stellantis press conference at the Automobility LA 2024 car show at Los Angeles Convention Center in Los Angeles, California, November 21, 2024. Etienne Laurent | Afp | Getty Images Auto giant Stellantis on Wednesday appointed North American chief operating officer Antonio Filosa as […]

Read More
European stocks set for mixed open as U.S. trade policy, economic data remain in focus
World

European stocks set for mixed open as U.S. trade policy, economic data remain in focus

German import prices unexpectedly contract in April A container ship at the Port of Hamburg in Germany. Maria Feck/Bloomberg via Getty Images German import prices fell by 0.4% year on year in April, figures from the Federal Statistical Office showed on Wednesday. Analysts had been expecting an annual rise of 0.2%, according to LSEG data. […]

Read More