Harris erases Trump’s cash edge while RFK Jr. faces dwindling resources, new filings show

CNN —

Kamala Harris supercharged Democratic fundraising in July after taking over the top of the party’s presidential ticket, new federal filings show, helping erase what had been an emerging cash advantage for Republican nominee Donald Trump.

The new filings also show independent presidential candidate Robert F. Kennedy Jr. facing dwindling campaign resources and refunding contributions from his running mate, who said on a podcast posted Tuesday that the campaign is considering exiting the race and endorsing Trump.

Meanwhile, prominent outside groups funded by top megadonors raked in millions amid the transformed presidential race, and spent millions more on recharged advertising campaigns.

Here are takeaways from the latest round of monthly filings with the Federal Election Commission, which cover fundraising and spending activity for July, including the three weeks before Biden dropped out of the presidential race and backed Harris.

Harris opens up financial edge over Trump

Harris’ principal campaign committee reported about $220 million in cash on hand at the end of July, a massive jump from the nearly $96 million that the committee reported at the start of the month, when it was still under President Joe Biden’s control.

Harris’ bank balance also bested the $151 million the Trump campaign reported in its principal account on July 31. It’s a dramatic reversal from the end of June, when Trump led Biden in cash on hand by more than $30 million ($128 million to $96 million).

Both Harris and Trump raise most of their campaign funds through joint fundraising committees, which split proceeds between the presidential campaigns, national party committees and dozens of other allies.

Including all of those