U.S. Vice President Kamala Harris’ election effort has raised around $500 million since she became the Democratic presidential candidate, sources told Reuters, an unprecedented money haul that reflects donor enthusiasm going into the Nov. 5 election.
Four sources familiar with the fundraising effort told Reuters that figure had been banked for Harris in the four weeks since she jumped into the race on July 21.
Campaign cash is critical for advertising and get-out-the-vote efforts that help bring people to the polls and persuade undecided voters to swing a candidate’s way.
Harris entered the fray after President Joe Biden stepped aside from the top of the Democratic ticket, unleashing floods of funding that had dried up in the weeks after Biden’s disastrous debate against Republican Donald Trump.
Harris raised $200 million in the first week of her campaign while she quickly wrapped up support to become the party’s nominee.
Harris’ team raised $310 million in July, bringing the total amount of money raised by her and Biden before he dropped out to more than $1 billion, the most rapid crossing of that fundraising threshold in history, according to the campaign.
Trump’s campaign said it raised $138.7 million in July and had cash on hand of $327 million. The former president’s campaign outraised Biden in the second quarter.
