Harris is winning the money race against Trump: Sets new fundraising record with $1 billion

Kamala Harris is far surpassing Donald Trump in fundraising efforts, according to recent campaign finance records, even though the two presidential candidates are locked in a tight race ahead of the Nov. 5 election.

Trump, who won the 2016 election despite being outspent, is expected to lean heavily on large donations from outside groups to support his campaign.

Harris Breaks Fundraising Records

Harris’ campaign has set new records, raising an astonishing $1 billion within the first three months of her candidacy— the fastest any presidential candidate has ever reached that figure. In September alone, her campaign secured $378 million. This financial advantage puts Harris in a strong position as she heads into the final weeks of the election.

Harris’ Cash Reserves for the Final Push

Following this historic fundraising haul, the Harris campaign entered October with $348 million in cash reserves, allowing for a robust advertising push in the crucial weeks leading up to Election Day.

Trump Trails in Fundraising

In contrast, Trump’s campaign brought in just $160 million in September, less than half of what Harris raised during the same period, according to data released by the Federal Election Commission. By the start of October, Trump’s campaign had $283 million in cash—over $60 million less than Harris’ war chest.

A Drop from Previous Campaigns

The $160 million Trump raised in September is also a significant decline compared to the $248 million he raised in the same month during his 2020 re-election bid. This financial shortfall has forced Trump’s campaign to cut costs as early as September, while Harris has been able to ramp up her spending, especially on advertising, in the final stretch of the race.