Vice President Kamala Harris’s campaign faced some tough times in July when it came to fundraising. However, the campaign managed to bounce back impressively before the end of the month. Harris’s campaign announced that they raised a total of $310 million in July, with a significant $200 million coming in just seven days after President Biden withdrew from the race.
This fundraising success put Harris well ahead of former President Donald J. Trump, whose campaign and allies reported collecting $139 million in July. Despite Trump’s substantial fundraising efforts, Harris nearly matched his total in just one month, raising almost as much as the Biden campaign had raised in the previous four months combined.
The surge in fundraising has given Democrats a significant cash advantage over Republicans for the first time in months. The Harris campaign now boasts $377 million in its war chest, compared to the $327 million reported by the Trump campaign.
While both campaigns saw strong fundraising numbers, the Democrats’ donations took a hit in the first three weeks of July following Biden’s controversial debate performance. However, after Biden exited the race on July 21, the fundraising floodgates opened. The $200 million raised by the Harris campaign in the week following Biden’s departure exceeded Biden’s fundraising total for the first three months of the year.
Trump’s campaign also saw a boost in donations, likely due to events such as an assassination attempt on Trump, his nomination at the Republican convention, and the selection of Senator JD Vance of Ohio as his running mate. Despite these efforts, Democrats out-raised the Trump team for the second consecutive month in July.
In June, Biden’s campaign raised $127 million and ended the month with $240 million on hand. This was all before the major events that unfolded in July, leading to Harris’s impressive fundraising numbers. The Trump campaign’s fundraising efforts have been strong as well, with July marking one of their best fundraising months to date.
Overall, the fundraising race between Harris and Trump is heating up, with both campaigns seeing substantial support from donors and supporters. As the election draws nearer, these fundraising numbers will play a crucial role in each candidate’s ability to compete effectively.