Vice President Kamala Harris’ presidential campaign will reach its $1 billion fundraising threshold in September, two months after she takes office as the 2024 Democratic standard-bearer, according to two people familiar with the numbers. exceeded.
The figure includes money raised by the campaign committees themselves and by campaign-affiliated community fundraising committees that collect cash for the Democratic National Committee and state parties.
The breakneck pace suggests that Harris is able to maintain the enthusiasm of donors large and small as the campaign enters the long run leading up to the Nov. 5 election. But it comes amid a historic onslaught of outside spending by super PACs and other groups associated with the Harris campaign, especially direct mail and direct mail, which has given Republicans a significant advantage in recent months due to the Harris campaign’s influence. The attack occurred amid a group attack on the ground. Elon Musk’s super PAC and others are working to rally voters to former President Donald Trump.
Meanwhile, polls from the race show a delicately balanced race, with little separation between Harris and Trump in the key battleground states that will ultimately decide the 2024 election. past 4 weeks.
Presidential elections tend to receive more money as they get closer to the election, but roughly $500 million a month is unprecedented. According to the Center for Responsive Politics, the Biden campaign raised just over $1 billion throughout the 2020 campaign, including the competitive primary, and affiliated outside groups contributed an additional $580 million.
Ms. Harris has built a significant financial advantage over her Republican rival, Mr. Trump, who had raised just $309 million in campaign contributions through the end of August.
Republican super PACs are helping to close the gap, spending more than $80 million on TV ads across the country in September, according to ad tracking service AdImpact. The largest Republican groups have booked more than $100 million in advertising in the last few weeks.
And even more money is being poured into online, mail and door-to-door campaigns.
