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Wednesday, October 09, 2024

$1 Billion!

Harris broke $1 billion.

The Harris-Walz Campaign has officially crossed into the $1 billion campaign.

President Joe Biden had $450 million when he dropped out and naturally Vice President Kamala Harris being his running mate was chosen to be the successor. 

Now Democrats and the donors are putting in the work to send Harris to the White House.

Her fundraising has surpassed the Trump-Vance Campaign by $375 million.

The figure includes money raised by the campaign committee itself and by a campaign-affiliated joint fundraising committee that also collects cash for the Democratic National Committee and state parties.

The staggering pace suggests Harris has been able to sustain enthusiasm among donors, large and small, as the campaign enters the stretch run before the Nov. 5 election. But it comes amid a historic onslaught of outside spending from super PACs and other groups that has the Harris campaign concerned — particularly about direct mail, in which Republicans have opened a steep advantage in recent months, and on the ground, with groups like Elon Musk's super PAC and others working to turn out voters for former president Donald J. Trump.

The former president has $603 million.

It's almost over.

Meanwhile, public polling shows a finely balanced contest, with little separating Harris and Trump in the key swing states that will ultimately decide the election — and a sliver of swing voters still waiting to decide based on something they see in the last four weeks.

Presidential campaigns tend to take in more money as an election nears, but a clip of roughly half a billion dollars a month is unheard of. Biden's campaign raised a little more than $1 billion for the entire 2020 election cycle, which included a competitive primary campaign, and affiliated outside groups chipped in another $580 million, according to the Center for Responsive Politics.

Harris has opened up a huge cash advantage over Trump, who had raised just $309 million for his campaign through the end of August.

Republican super PACs are helping fill in the gap, spending more than $80 million on TV ads across the country in September, according to AdImpact, an ad-tracking service. The biggest GOP groups have reserved more than $100 million in ads for the final weeks.

And yet more money is pouring into online, mail and door-to-door campaigning.

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