On Thursday, the campaign for Republican former President Donald Trump and its affiliated entities revealed that they raised $138.7 million in July. This amount is notably less than the fundraising total achieved by Vice President Kamala Harris during the opening week of her White House bid.
As of August, Trump’s campaign reports having $327 million in cash reserves. With the election now a little over three months away, this financial cushion is critical. In contrast, Harris’ campaign has not yet disclosed its July fundraising figures or current cash balance. However, her campaign has indicated that her entry into the presidential race has generated a surge in donations and volunteers.
Comparison with Previous Fundraising
Trump’s campaign, along with the Republican National Committee and other affiliated entities, had previously announced a total fundraising amount of $331 million for the quarter ending in June. The July figures show an increase, surpassing their previous quarterly pace.
Trump’s fundraising efforts in July may have been bolstered by a high-profile incident on July 13, when he survived an assassination attempt during a rally in Pennsylvania. This event galvanized some of his supporters. Additionally, Trump announced Ohio Senator JD Vance as his running mate at the Republican National Convention in Milwaukee, further energizing his base.
Harris’ Fundraising Surge
In the wake of President Joe Biden‘s announcement on July 21 that he was ending his reelection bid and endorsing Kamala Harris, Harris’ campaign saw a dramatic increase in donations. Within the first week following Biden’s announcement, Harris’ team reported raising $200 million. This influx of funds came as a response to the renewed focus on Harris as the new Democratic candidate.
Since assuming the role as the presumptive Democratic nominee, Kamala Harris has ramped up her campaign activities. Her intensified travel schedule and a series of advertisements highlighting her personal story and criticizing Trump have been pivotal. There is a renewed sense of competition among Democrats, some of whom had previously feared a November loss for President Biden. Harris’ dynamic presence has shifted the narrative, making the race more competitive.
Upcoming Milestones
Kamala Harris is set to become the Democratic Party’s formal presidential nominee through a virtual voting process by delegates at the Democratic National Convention. This process is expected to conclude on Monday. The convention, which opens in Chicago on August 19, will also likely see Harris announce her running mate.
| Aspect | Details |
|---|---|
| Trump’s July Fundraising | $138.7 million |
| Harris’ First-Week Fundraising | $200 million |
| Trump’s Cash Reserves | $327 million |
| Harris’ Campaign Response | Surge in donations and volunteers |
| Recent Campaign Events | Assassination attempt on July 13, VP pick JD Vance |
| Upcoming Democratic National Convention | Opens August 19 in Chicago, Harris to be formally nominated |
While Trump’s July fundraising efforts were substantial, they fell short of Harris’ impressive first-week total following Biden’s withdrawal. As both campaigns prepare for the upcoming election, the dynamics continue to evolve with significant financial and strategic moves shaping the race.
Featured image credit: Gage Skidmore via Flickr
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