Vice President Kamala Harris’ presidential campaign reported an impressive $310 million raised in July, spurred by a record-breaking $200 million influx in the first week following her emergence as the likely Democratic candidate.
The campaign noted a series of fundraising milestones achieved last month, boasting the fastest timeline to accumulate a billion dollars and a surge of donations initiated after President Biden’s announcement of his withdrawal from the presidential race.
“The overwhelming support witnessed in such a brief period signifies that the Harris coalition is energized, expanding, and prepared to work diligently to unseat Trump this November,” stated a campaign spokesperson. “Our coalition is built on hard work and a fighting spirit, essential to securing victory in November.”
Remarkably, two-thirds of the donations received last month came from first-time contributors, highlighting a significant grassroots movement behind Harris.
This surge in contributions has nearly diminished the fundraising advantage Trump maintained over Biden this summer, though the former president’s financial standing remains robust. Trump’s campaign announced July fundraising figures reaching $139 million, just shy of the $141 million raised in May following his conviction in the New York hush-money case, and a considerable increase from June’s $112 million.
Both Harris and Trump are positioned with similar cash reserves as they head into the crucial final three months of campaigning. Harris has $377 million available, while Trump holds $327 million.
With an expanding battleground map resulting from Biden’s exit, both campaigns are preparing for an intense competition, launching multimillion-dollar ad buys across key states this week.