With 15 days until Election Day in November, polls show the race for the White House between Vice President Kamala Harris and former President Trump within the margin of error.
But when it comes to campaign financing (another important metric in presidential politics), there is one clear front-runner. That's Harris.
The vice president enters the final full month of the campaign with a significant financial advantage over his predecessor, according to new federal fundraising reports filed late Sunday.
The Harris campaign raised $221.8 million in September, more than triple the $63 million raised by the Trump campaign last month, according to filings.
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Vice President Kamala Harris speaks at a campaign event at Riverside Park on Friday, October 18, 2024 in Grand Rapids, Michigan. (AP Photo/Jacqueline Martin)
About a quarter of the money raised by the vice president came from fundraisers attended by celebrities in Los Angeles and San Francisco late last month.
Since replacing President Biden at the top of the Democratic 2024 ticket three months ago, Ms. Harris has significantly outperformed and outspent Mr. Trump, a trend that continued in September. The Harris campaign's biggest expense was paid media, mostly advertising.
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However, the vice president enjoyed a significant cash-on-hand advantage over President Trump well into October.
At the end of September, the Harris campaign reportedly had $187 million in its coffers, compared to the Trump campaign's $119 million.
Former President Trump speaks at a campaign rally at Arnold Palmer Regional Airport in Latrobe, Pennsylvania, Saturday, October 19, 2024. (AP Photo/Matt Rourke)
The fundraising totals reported by the two major party campaigns include the two national party committees, other affiliated organizations (both campaigns use numerous affiliated fundraising committees to raise cash), or Harris. It does not include additional funds raked in by supporting, coordinated super PACs. And Trump.
The Biden campaign and Democratic National Committee maintained a fundraising lead over Trump and the Republican National Committee earlier this year. However, in the second quarter of 2024, Trump and the RNC outraised Biden and the DNC by $331 million to $264 million.
After his disastrous performance in the debate with Trump in late June, Biden temporarily slowed his fundraising efforts as donors showing their support for the 81-year-old president briefly spent large sums of money. enjoyed a sharp increase.
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But Biden's sluggish and erratic debate performance immediately raised questions about his physical and mental ability to serve in the White House for another four years, with some in his own party questioning his ability to serve in the White House for another four years. There have been growing calls for an end to this challenge. The temporary surge in funding did not last and began to slow significantly by early July.
Mr. Biden announced his resignation from the 2024 campaign on July 21, but the party quickly solidified around Ms. Harris, who has seen her fundraising surge through small donations. I saw it.
Vice President Kamala Harris and former President Trump debate in Philadelphia on September 10, 2024. (Doug Mills/New York Times/Bloomberg via Getty Images)
The Harris campaign on Sunday put a spotlight on grassroots donors, announcing that 95% of donations over the past three months were less than $200.
This is not the first time Trump has faced a funding shortfall. In winning the White House, she had lower approval ratings than 2016 Democratic presidential candidate Hillary Clinton. biden He lost in re-election four years ago.
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When asked about the lack of funding, Republican National Committee “Democrats have a ton of money. Democrats always have a ton of money,” Committee Chairman Michael Whatley told Fox News Digital last month.
But he added: “We absolutely have the resources we need to get our message across to all the voters we're talking to, and we feel very confident that we can see this campaign through to its conclusion.” emphasized. He will win on November 5th. ”
We will take another look at their financial situation during the presidential election campaign later this week. On Thursday, he is required to submit a report to the Federal Election Commission on his fundraising for the first 16 days of October.
Fundraising is an important indicator of a campaign, along with public opinion polls, and is a measure of a candidate's popularity and the strength of a campaign. Funds raised can be used to hire staff, grow grassroots efforts and get out the vote, create and run ads on TV, radio, digital and mailers, and travel expenses for candidates, among other things.
Get the latest on the 2024 campaign trail, exclusive interviews and more with Fox News Digital's Election Hub.
