Democratic Fundraising Tops $50 Million After Biden Exits Race, Harris Campaign Benefits

Jul 22, 2024, 01:50 AM

Following President Joe Biden's announcement that he is exiting the presidential race, the Democratic Party has experienced a significant surge in online donations. Within the first hour of the announcement, more than $5 million was raised. The Harris campaign, operating through the Biden-Harris committee, has been a major beneficiary, with donations reaching $27.5 million in the first five hours. ActBlue, the Democratic online fundraising platform, reported that donations have surpassed $50 million, making it the biggest day for online Democratic contributions since the 2020 election. This surge in donations is expected to continue, with the total potentially reaching the top three biggest fundraising days ever for the platform. The total donations are nearing $50 million, zooming past $30 million, marking the biggest day since 2020.