Trump lags behind Harris in fundraising and ad spending as election nears
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Democratic Party candidate Kamala Harris’s campaign outraised her Republican counterpart, Donald Trump, in August, according to Federal Election Commission (FEC) data. The FEC data shows that Harris’s campaign raised $189 million during the month, quadrupling the $44 million that Trump’s campaign received in the same period. The data, which only covers funds in the candidates’ main campaign accounts, highlights the increasing support for Harris as the election draws near. However, the total funding raised by each candidate, including their Party committees, shows that the Harris team still raised more money last month. According to an announcement from Harris’s campaign earlier this month, it raised $361 million in August from all campaign donations, including the Democratic National Committee (DNC) and the joint fundraising committees. By comparison, Trump’s campaign and the Republican Joint Convention (RNC) joint fundraising committees only raised $130 million. This disparity in fundraising continues a trend that started when Harris replaced Biden as the Democrats’ flagbearer. Before then, Trump and the Republicans led fundraising for months, but Harris, as the presidential candidate, has changed that. Harris’s campaign outspending Trump With Harris raising more money than Trump, it is unsurprising that her campaign has also been outspending Trump on advertising and overall campaign expenses. The FEC filings also show that Harris and the DNC spent $258 million in August, far higher than the $121 million from Trump and the RNC. Despite spending more than Trump in August, Harris’s campaign is still in a better financial position, with $404 million in cash versus Trump’s $295 million. Many believe the higher cash war chest could allow the vice president’s team to intensify its efforts in the final months. However, the Trump team also claims that it has sufficient funds and momentum for the final phase of the campaign. Brian Hughes, the senior…
Filed under: News - @ September 22, 2024 4:23 pm