‘Biggest fundraising day of the 2024 cycle’: Donations flood Democrats as Biden steps aside for Kamala Harris

Donations have flooded into the Democratic party in the hours since Joe Biden announced that he was dropping out of the 2024 presidential race and Kamala Harris vowed to step up to seek the nomination.

In what has been called “the biggest fundraising day of the 2024 cycle”, liberal political action committee ActBlue announced on Sunday night that it had raked in $46.7m in funds as of 9pm ET – around seven hours after Biden’s announcement.

“UPDATE: As of 9pm ET, grassroots supporters have raised $46.7 million through ActBlue following Vice President Kamala Harris’ campaign launch,” the PAC said in a statement.

“This has been the biggest fundraising day of the 2024 cycle. Small-dollar donors are fired up and ready to take on this election.”

The resurgence in donations comes after several of the party’s top donors had pulled funding in recent weeks as they, together with Democratic lawmakers, called on Biden to quit the race following his disastrous debate performance last month.

On Sunday, Biden finally bowed to the pressure, sharing a letter to the American people on X saying that “while it has been my intention to seek re-election, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President for the remainder of my term.”

The president then endorsed Harris, who said in a statement that she plans to “earn and win” the Democratic nomination and vowed to do “everything in my power” to beat Donald Trump.

Donations began pouring in instantly, with ActBlue confirming it had raised more than $27.5m within the first five hours of Harris’ comfirming her presidential campaign.

Barely two hours later, it confirmed it had processed $46.7m in