Harris' main fundraising group raised four times as much as Trump in July
Adds detail on first days of fundraising, donor to super PAC
By Jason Lange
WASHINGTON, Aug 21 (Reuters) - Kamala Harris' main campaign fundraising group raised four times as much money in July as that raised by Donald Trump's campaign, according to federal disclosures filed late on Tuesday, a sign of enthusiasm ahead of the Nov. 5 presidential election.
Democratic Vice President Harris' campaign told the Federal Election Commission it raised $204 million last month, compared to $48 million reported to the body by Republican former President Trump's main fundraising group.
Harris' figures include money raised during the month before she launched her candidacy on July 21, when President Joe Biden folded his flagging re-election effort. Biden endorsed Harris, who took over control of Biden's fundraising group. The records show the group raised more than $60 million in the first three days of Harris' candidacy.
Harris also outspent Trump during the month, $81 million to $24 million, according to their FEC reports.
The Harris campaign had previously announced that the campaign and the Democratic Party's main fundraising group had raised a combined $310 million in July, while the Trump campaign had similarly said that it and the Republican Party had raised a combined $138 million.
While the candidates and their parties work together, the sums raised by the campaign are important because the campaigns are by law given steep discounts on television ads, while the parties and other allied groups must pay full price.
Trump's re-election effort also received a massive contribution last month from conservative billionaire Timothy Mellon, who gave the pro-Trump super PAC known as MAGA Inc another $50 million. Mellon, an heir of the Pittsburgh-based Mellon banking family, has given MAGA Inc at least $115 million this year. The super PAC is one of the biggest spenders in the election, and reported spending more than $43 million in July to help Trump's election effort.
Big contributions also flowed into a top super PAC backing Harris known as Future Forward PAC, including $5 million donated by Marc Stad, an investor in Silicon Valley firms, after Harris launched her campaign.
Reporting by Jason Lange; additional reporting by Katie Paul; Editing by Scott Malone, Chizu Nomiyama and Deepa Babington
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
