Harris Donations Soar to Over $100m Following Biden’s Withdrawal from Presidential Race

In a startling turn of events, Vice-President Kamala Harris has received a considerable financial boost just days after Joe Biden announced his departure from the presidential race. The Harris campaign has confirmed receiving over $100m in donations within this short period. This financial upswing was bolstered by what Harris’s camp describes as a record-breaking 24-hour period of fundraising which totalled an impressive $81m.

In this fundraising blitz, over 888,000 people came out in support and donated amounts of up to $200 each, as indicated by the progressive donation platform, ActBlue. With lurks of concerns over Biden’s age contributing to the withdrawal of some donors, it appears these donors are now ready to redirect their support towards the Harris campaign.

The Rise and Rise of Kamala Harris

The surge campaign funding for Harris in the aftermath of Biden’s farewell from the race represents the most substantial single increase in online contributions for Democrats since the 2020 fundraising peak ensuing the passing of Supreme Court Justice Ruth Bader Ginsberg. At that point, ActBlue had facilitated the raising of $73.5m. This recent infusion of funds symbolizes a crucial turning point for the Democratic party, which has suffered some disillusionment from significant supporters following Biden’s below-par performance against Donald Trump in June’s presidential debate.

This financial rejuvenation of the Democratic party comes at a critical time, as there had previously been a marked decrease in grassroots donations from everyday supporters, according to insiders from Biden’s campaign. However, Biden’s departure from the race, coupled with his endorsement of Harris’s bid for the White House, seems to have ignited an extraordinary flurry of online donation activity.

Key Metropolitan Supporters and Their Contributions

Vice-President Harris’s support is not just from the grassroots level. High-profile donors also came out to show their backing. Reid Hoffman, co-founder of LinkedIn, expressed unflinching support for the Vice-President, terming her as “the right person at the right time.” He expressed enthusiastic support for Kamala Harris and her candidacy, emphasizing the struggle for democracy due in the elections in November.

Other notable endorsements came from Alexander Soros, son of the philanthropist George Soros, who saw Harris as “the best and most qualified candidate we have.” The campaign, however, also faces checks on its momentum. Some observers, including entrepreneur and investor Vinod Khosla, have argued for a transparent process and not a “coronation.”

Despite the diversified opinions, the surging influx of donations towards Harris’s presidency bid indicates an undeniable show of support, resurrecting Democrats’ hopes of reclaiming the presidency from Donald Trump.

A New Dawn for Democrats?

This robust financial backing for Kamala Harris could potentially rebalance the scales in the forthcoming presidential election. With high profile endorsements, grassroots donor shifts, and renewed donor confidence, all eyes are now on Harris as she hashes it out with Trump. As the world watches, only time will tell if this dramatic resurgence in support and funding will be enough to drive the Democratic party back into the White House.