During the most tumultuous period of any presidential contest in recent memory, likely Democratic nominee Kamala Harris crushed former President Trump in the money race in July.
The vice president and her allies raised $310 million; Trump and his supporters raised $139 million, according to reports from both campaigns.
Fundraising for the 2024 presidential campaign was already expected to break records. Much of the money is coming from California, whose donors are driving political contests in both parties.
But the remarkable amount of money raised in July came amid a dizzying series of events: the aftermath of President Biden’s disastrous debate performance against Trump, which raised questions about Biden’s cognitive abilities; the attempted assassination of Trump; the Republican National Convention and Trump’s selection of Ohio Sen. J.D. Vance as his running mate; Biden’s announcement that he would not seek reelection; and the Democrats’ effective crowning of Harris as their nominee.
The vice president's campaign said Harris raised more than $200 million in the first week of her candidacy, the most ever in a similar time period in a presidential race.
“This is a historic haul for a candidate who will make history this November,” Harris campaign manager Julie Chavez Rodriguez said in a statement, adding that the money will fund organizing and voter outreach efforts in critical states across the country.
“The tremendous outpouring of support we’ve seen in such a short period of time makes it clear that Harris’ coalition is mobilized, growing, and ready to get to work to defeat Trump this November,” he said.
Both candidates and their affiliated party committees have been frantically raising money for some time, so the difference in cash on hand between them is not that stark. Harris declared she has $377 million in the bank, while Trump declared he has $327 million.
The former president's campaign said it has the resources to win in the fall.
“These numbers reflect continued donor momentum at all levels and provide the resources for the final 96 days until victory on November 5,” the campaign said in a statement.
