US Democratic presidential nominee Kamala Harris is outspending her Republican rival and former US President Donald Trump by nearly $5 million a day, according to recent federal filings, as her campaign enjoys a surge in donations from Wall Street and Silicon Valley elites.
In August, Harris spent $7.5 million per day, compared to Trump’s $2.6 million daily expenditure, Bloomberg reported.The boost in funds followed Harris’ entry into the presidential race after concerns were raised about President Joe Biden’s health and performance, particularly after his debate against Trump.
Donors, including Facebook co-founder Dustin Moskovitz, LinkedIn CEO Reid Hoffman, and Oaktree Capital chairman Bruce Karsh, have financially supported Harris. Federal Election Commission (FEC) records show that her campaign, alongside the Democratic Party, raised $361 million in August, giving her $404 million in funds for the important months before the November election.
Trump’s campaign raised $130 million during the same period, receiving support from figures like Blackstone CEO Stephen Schwarzman and businessman Timothy Mellon. His Make America Great Again (MAGA) PAC added $25 million, leaving him with $295 million in funds as of the end of August.
Harris’ financial advantage has enabled her to dominate TV advertising, though she continues to avoid high-profile sit-down interviews as per the New York Post.
Tesla founder Elon Musk made a significant contribution of $289,100 to Republican efforts and endorsed Trump, to secure congressional seats, according to FEC filings.
Trump has claimed that if he loses the upcoming presidential election on November 5, he may not run again in 2028. “I think … that will be it”, he said.
In August, Harris spent $7.5 million per day, compared to Trump’s $2.6 million daily expenditure, Bloomberg reported.The boost in funds followed Harris’ entry into the presidential race after concerns were raised about President Joe Biden’s health and performance, particularly after his debate against Trump.
Donors, including Facebook co-founder Dustin Moskovitz, LinkedIn CEO Reid Hoffman, and Oaktree Capital chairman Bruce Karsh, have financially supported Harris. Federal Election Commission (FEC) records show that her campaign, alongside the Democratic Party, raised $361 million in August, giving her $404 million in funds for the important months before the November election.
Trump’s campaign raised $130 million during the same period, receiving support from figures like Blackstone CEO Stephen Schwarzman and businessman Timothy Mellon. His Make America Great Again (MAGA) PAC added $25 million, leaving him with $295 million in funds as of the end of August.
Harris’ financial advantage has enabled her to dominate TV advertising, though she continues to avoid high-profile sit-down interviews as per the New York Post.
Tesla founder Elon Musk made a significant contribution of $289,100 to Republican efforts and endorsed Trump, to secure congressional seats, according to FEC filings.
Trump has claimed that if he loses the upcoming presidential election on November 5, he may not run again in 2028. “I think … that will be it”, he said.
Source : Times of India
