The post Is Kamala Harris’ love affair with Wall Street enough to win her the election? appeared on BitcoinEthereumNews.com.

Kamala Harris is pulling in serious cash from Wall Street and Silicon Valley, with her campaign netting nearly $5 million a day. This financial surge is giving her the firepower to go on the offensive against Donald Trump as the election approaches. And the little love affair just might win her the election. With the Democratic National Committee backing her, Harris is outspending Trump and the Republican Party by a margin of three-to-one daily. In August, she spent an average of $7.5 million a day, compared to his $2.6 million. Her ability to raise money from wealthy donors since taking over from Joe Biden as the Democratic nominee has solidified her position as the financial frontrunner, something the Democrats had lost earlier in the year. Wall Street’s role in Harris’ surge Harris has ramped up spending even more in September, laying out $152 million on advertising, a 21% jump from August. In comparison, Trump is spending just $63 million on ads. Polls show that Harris has made up huge ground on the lead Trump had built over Biden, with a slight edge in swing states. But still, the race remains tight, and every dollar counts. Donors like Oaktree Capital’s Bruce Karsh, oil trader Andy Hall, and Facebook co-founder Dustin Moskovitz have thrown their money behind her too. Even actress Scarlett Johansson is chipping in. These donors have given Harris a clear financial edge, allowing her to push millions into key states like North Carolina and Nevada, areas where Trump was previously confident. By the start of September, Harris had $404 million in her campaign war chest, compared to Trump’s $295 million. Trump’s campaign has been forced to go into defense mode, spending $32 million more than it raised in August just to stay competitive. But despite these challenges, the team…

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Filed under: News - @ October 4, 2024 10:28 am