In an unprecedented move, U.S. Vice President and Democratic presidential candidate, Kamala Harris, has managed to raise a staggering $500 million for her election campaign within a month, according to a report.
What Happened: Harris’ campaign has seen a massive influx of donations since she announced her candidacy on July 2, reported The Hill.
Following President Joe Biden‘s decision to not seek re-election, Harris’ campaign experienced a surge in funding. In the first week alone, she raised $200 million and quickly secured support to become the party’s nominee.
In July, Harris’ team raised an additional $310 million, bringing the total amount raised by her and Biden prior to his departure to over $1 billion. This is the fastest a campaign has crossed the billion-dollar fundraising threshold in history, according to the campaign.
Despite former President Donald Trump‘s campaign raising $138.7 million in July, with cash on hand of $327 million, Harris’ campaign continues to attract donations, with her July cash on hand totaling $377 million.
See Also: Mary Trump: ‘Donald’s Narcissistic Injury Is So Great That He Has Essentially Stopped Campaigning’
Why It Matters: Harris’ massive fundraising comes amidst a series of significant events. The Trump campaign lodged a complaint against Harris, alleging improper acquisition of funds from Biden’s campaign. Meanwhile, Harris’ campaign pledged a $370 million investment for advertising.
Chauncey McLean, president of Future Forward, a super PAC supporting Harris, warned of a tighter race than public polls suggest. However, Harris continues to gain support, leading Trump in a weekly election poll with less than three months to go before the 2024 presidential election.
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Did You Know?
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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal
