Aug 21, 2024 - 02:51
By cnbc.com

Kamala Harris has raised nearly $500 million in the past month

Vice President Kamala Harris' presidential fundraising operation has raised nearly $500 million in the month since President Joe Biden dropped out of the race, NBC News reported.
The sum reflects Democrats' enthusiasm after Biden ended his campaign against Republican former President Donald Trump.

Vice President Kamala Harris has raised nearly $500 million for her White House bid in the month since President Joe Biden dropped out of the race and endorsed Harris as his replacement, NBC News reported Tuesday.

The massive windfall includes Harris' campaign and several fundraising entities more broadly affiliated with her election effort, two sources familiar with the haul told NBC News.

Democrats expect that number to balloon to roughly $600 million by the end of August, one of those sources added.

The sum reflects the burst of enthusiasm that accompanied Harris' ascension to the top of the Democratic ticket after Biden ended his campaign against Republican former President Donald Trump on July 21.

The 81-year-old incumbent's campaign was derailed by growing concerns about his fitness to serve another four-year term, following his disastrous debate with Trump in late June. That debate performance reportedly spooked donors and led to a major slowdown in fundraising.