Report: Harris Campaign Has Raised $1B

Facts

  • US Vice Pres. Kamala Harris' presidential campaign — and its affiliated party committees, including the Democratic National Committee (DNC) — have reportedly raised over $1B since Harris replaced Pres. Joe Biden as the party's nominee.[1]
  • Although Harris' campaign didn't comment on the report, it previously revealed in an official filing that it finished August with $404M cash on hand. The campaign of former Pres. Donald Trump, the Republican nominee, reported $295M in cash on hand in August.[2][3]
  • To close the gap, Republican super PACs stepped up by spending more than $80M on TV ads in September, with some reserving more than $100M for ads in the campaign's final weeks. Trump has reportedly raised $853M this year.[4]
  • The campaigns are expected to report their September fundraising totals to the Federal Election Commission (FEC) by the end of October.[5]
  • Despite Harris' fundraising advantage and her slight lead in national polls, the seven swing states that could choose the winner are too close to call.[2]

Sources: [1]New York Times, [2]Al Jazeera, [3]New York Post, [4]Breitbart and [5]CNN.

Narratives

  • Democratic narrative, as provided by NBC and The New Republic. These numbers prove Harris, over the past few months, has managed to sustain the momentum and enthusiasm she generated when she first replaced Biden. Trump, who fashions himself a successful businessman, must be stewing over his fundraising deficit, even as he tries to raise cash by hawking shady merchandise.
  • Republican narrative, as provided by Daily Caller. Fundraising skills are clearly overrated, as Harris, even with her campaign treasure chest, still can't shake Trump in the swing state polls. American voters don't care about how many rich people are willing to donate to Harris — all they care about is who will provide a better economy, which is the issue for which most people put their trust in Trump.

Predictions