Official campaign announcement from Kamala Harris

Democratic Donors Mobilize $96 Million to Support Kamala Harris After Biden Drops Out

Jul 22, 2024, 12:15 AM

Democratic donors are quickly mobilizing to support Kamala Harris as the party's next presidential nominee following President Joe Biden's decision to drop out of the race. Wall Street executives and tech billionaires are among those opening their wallets, with notable figures such as Roger Altman and Brad Karp backing Harris. The surge in financial support has generated a sense of optimism among Democratic elites, who had been feeling uncertain in recent weeks. Harris is also vetting potential running mates, including Shapiro and Beshear. Reports indicate that Harris's former 2020 primary finance chair, Jon Henes, has received 200 texts, calls, and emails with offers to host events and make donations. Some Democratic donors who had previously withheld contributions are now eager to support Harris, contributing to a $96 million war chest.