Kamala Harris raised $257 million in August, far surpassing Donald Trump’s $85 million and giving the Democrats a solid financial lead heading into the final weeks of the 2024 election.

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Kamala Harris

As the 2024 election heads into its final weeks, Vice President Kamala Harris has taken a commanding lead in fundraising over former President Donald Trump.

In August, Harris and the Democratic National Committee (DNC) raised $257 million, more than three times the $85 million collected by Trump and the Republican National Committee (RNC).

This surge in fundraising gives Harris a crucial financial advantage, allowing the Democrats to ramp up their campaign efforts as Election Day approaches.

Harris Leads in Campaign Funds

By the end of August, Harris and the DNC held $286 million in cash, compared to $214 million for Trump and the RNC.

This larger war chest gives the Harris campaign more flexibility to spend on voter outreach, advertising, and campaign events in the final weeks.

Both campaigns have been spending aggressively.

In August, Harris’ team spent nearly all of its funds, totaling $258 million, while Trump’s campaign and the RNC spent $121 million—significantly more than they raised.

Key Donors Back Trump

Despite being outpaced by Harris, Trump has gained support from influential donors who previously backed other Republicans.

Hedge fund manager Paul E. Singer, who supported Nikki Haley earlier in the race, donated $5 million to Trump’s super PAC. Make America Great Again Inc.

Investment banker Warren Stephens, who supported Haley, contributed $1 million to Trump’s super PAC.

Billionaire Elon Musk also made headlines by donating $289,100 to the National Republican Congressional Committee (NRCC), though he did not contribute directly to Trump’s campaign or the NRCC.

Trump Campaign Faces High Legal and Security Costs

In addition to campaign expenses, Trump’s Save America PAC spent nearly $2 million on legal fees in August, with over $1 million going to Todd Blanche, one of his attorneys.

Other law firms also received payments as Trump continues to face legal battles.

The campaign also made small security-related expenditures following an assassination attempt on Trump in July, spending $555 on services from Apocalypse Arms and Military Surplus.

A Financial Battle for the Final Weeks

With Harris significantly ahead in fundraising, her campaign is well-positioned to increase its presence in crucial battleground states as the election approaches.

Meanwhile, Trump’s campaign will rely on recent donations from wealthy supporters to close the gap.

Conclusion: Harris Holds the Financial Advantage

As the 2024 presidential race enters its final phase, Kamala Harris’s strong fundraising efforts give her a clear financial edge over Donald Trump.

While Trump has gained critical donations from former supporters of other Republican candidates, the Harris campaign’s substantial resources could prove decisive in the election’s final weeks.

Both campaigns are expected to intensify their efforts in the coming weeks, but Harris’ financial lead may give her an advantage in the race to win over voters.