Biden Sees Surge In Fundraising Following Harris Vice President Announcement

TOPLINE Joe Biden’s campaign, in the hours after the presumptive Democratic nominee named Sen. Kamala Harris (D-Calif.) as his running mate, boasted that he was pulling in major campaign donations, a sign that the Democrats have continued to turn around a formidable fundraising deficit with President Trump. Sen. Kamala Harris […]

TOPLINE

Joe Biden’s campaign, in the hours after the presumptive Democratic nominee named Sen. Kamala Harris (D-Calif.) as his running mate, boasted that he was pulling in major campaign donations, a sign that the Democrats have continued to turn around a formidable fundraising deficit with President Trump.

KEY FACTS

In the four hours after Biden announced Harris as his running mate, ActBlue, the Democrats’ main fundraising platform, reported more than $10.8 million in donations, as the New York Times first reported. 

The Biden campaign has yet to report fundraising totals, but campaign staff reported that Tuesday was its biggest fundraising day to date.

Tuesday was also one of Act Blue’s biggest fundraising days ever:

Biden raised almost twice as much money on Tuesday as he did the day he first announced he was running for president last year, The Atlantic reported

Key background

The Trump campaign and the Republican National Committee together raised more money ($165 million) than Biden and his party’s committee ($140 million) in July, but the fundraising gap between the two has now essentially vanished. The two campaigns have about the same amount of cash on hand, even after Trump started out with a massive fundraising advantage.

Big number

$463 million. The amount of money raised by the RNC and Trump campaign in 2019, dwarfing that of Biden, who struggled to raise money during the primary.

Surprising fact

President Trump donated twice to Harris’ campaign when she was a candidate for California attorney general, in 2011 and 2013, NBC News reported. 

Tangent

Biden has received donations from 131 billionaires, while Trump has received donations from 99, Forbes reported.

Further reading

Trump bests Biden in July fundraising but money gap between the campaigns has essentially closed (CNN)

Biden Pulls Away In Race For Billionaire Donors, With 131 To Trump’s 99 (Forbes)

Biden Doubled His Campaign Cash In June, Slashing Trump’s Advantage By Nearly $100 Million (Forbes)

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