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Kamala Harris Raises $200 Million in Fundraising Surge After Biden’s Exit

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Kamala Harris Raises $200 Million in Fundraising Surge After Biden's Exit

Since becoming the likely Democratic presidential nominee last week, Vice President Kamala Harris‘ campaign has accumulated an impressive $200 million. She is competing against former President Donald Trump for the Republican nomination.

The campaign reported its newest fundraising total on Sunday, with 66% coming from first-time contributors in the 2024 election cycle, following President Joe Biden’s announcement of his retirement from the race and endorsement of Kamala Harris.

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“The momentum and energy for Vice President Harris is real—and so are the fundamentals of this race: this election will be very close and decided by a small number of voters in just a few states,” said Michael Tyler, the campaign’s communications director, in a memo.

Kamala Harris campaigned in Pittsfield, Massachusetts, on Saturday, drawing hundreds to a fundraiser organised while Biden was still at the top of the Democratic ticket. The dinner was planned to collect $400,000 but ended up raising around $1.4 million, according to the campaign.

Harris rapidly rallied Democratic support when Biden’s candidacy stalled following his terrible June 27 debate performance against Trump. Former House Speaker Nancy Pelosi, Senate Majority Leader Chuck Schumer, House Democratic Leader Hakeem Jeffries, former House Minority Whip Jim Clyburn, former President Bill Clinton, and former Secretary of State Hillary Clinton were eager to express their support.

Former President Barack Obama and his wife Michelle Obama, both prolific Democratic fundraisers, announced their endorsement on Friday.

At her Saturday fundraiser, Kamala Harris acknowledged she was still the “underdog” in the race, but her campaign was gaining traction.

Future Forward, the largest super PAC in Democratic politics, reported last week that it had received $150 million in pledges from donors in the first 24 hours after Biden stepped down and endorsed Harris.

Democratic House and Senate candidates report an increase in support since Harris emerged as the party’s presumptive nominee.

Source: Bloomberg

Ana Wong is a sharp and insightful journalist known for her in-depth reporting on tech and finance. With a knack for breaking down complex topics, she makes them accessible for everyday readers.

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