Kamala Harris reportedly raised about $300 million for her presidential campaign in August, more than double Trump’s $130 million haul, an edge that suggests she will continue to enjoy a financial advantage in the last two months of the race.
The Democratic nominee has not released exact figures for the late summer windfall, but NBC News reported the impressive figure on Thursday, citing two campaign sources..
The Harris cash gusher includes donations to both her campaign and related Democratic-aligned entities, just as Trump’s numbers do.
Both campaigns have more than $300 million cash on hand, signaling that voters are going to see plenty of TV ads between now and November.
But Harris and Democrats can likely spend much more in the coming few weeks because the money is coming in so much faster. Her campaign recently gave $25 million to down-ballot Democrats.
Harris unleashed a wave of Democratic enthusiasm when President Biden dropped his reelection bid in late July and handed the baton to her.
Trump had been outraising Biden when he pulled out of the race, but Harris has raked in more than $500 million since then, mostly by way of small contributions from first-time donors.
Her campaign has already unveiled plans for massive advertising spending, including unprecedented investment on social media, as the race enters the home stretch.
Trump’s campaign announced its $130 million August fundraising numbers late Wednesday. He suffered a dip in fundraising since July when he raked in $138 million, a haul that was boosted by sympathy over his surviving an attempted assassination and the largely successful Republican National Convention.
Both campaigns will likely seek to leverage the upcoming presidential debate to raise even more cash from their armies of loyals supporters.