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Reading: Harris raised greater than $1 billion in her loss to Trump—and remains to be asking donors for more cash
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The Texas Reporter > Blog > Business > Harris raised greater than $1 billion in her loss to Trump—and remains to be asking donors for more cash
Business

Harris raised greater than $1 billion in her loss to Trump—and remains to be asking donors for more cash

Editorial Board
Editorial Board Published November 16, 2024
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Harris raised greater than  billion in her loss to Trump—and remains to be asking donors for more cash
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Harris raised greater than $1 billion in her loss to Trump—and remains to be asking donors for more cash

Kamala Harris and the Democratic Occasion’s prodigious fundraising operation raised greater than $1 billion in her loss to Donald Trump, however the vice chairman remains to be pushing donors for more cash after the election.

Democrats are sending persistent appeals to Harris supporters with out expressly asking them to cowl any potential money owed, attractive would-be donors as a substitute with different issues: the Republican president-elect’s picks for his upcoming administration and a handful of pending congressional contests the place ballots are nonetheless being tallied.

“The Harris campaign certainly spent more than they raised and is now busy trying to fundraise,” stated Adrian Hemond, a Democratic strategist from Michigan. He stated he was been requested by the marketing campaign after its loss to Trump to assist with fundraising.

The get together is flooding Harris’ profitable e-mail donor record with near-daily appeals geared toward small-dollar donors — these whose contributions are measured within the a whole lot of {dollars} or much less. However Hemond stated the postelection effort additionally consists of particular person calls to bigger donors.

One particular person aware of the trouble and the Democratic Nationwide Committee’s funds stated the Harris marketing campaign’s anticipated shortfall is a comparatively small sum in comparison with the breadth of the marketing campaign, which reported having $119 million money readily available in mid-October earlier than the Nov. 5 election. That particular person was not licensed to publicly focus on the marketing campaign’s funds and spoke on situation of anonymity.

However the scramble now underscores the expense concerned in a dropping effort and the rapid challenges going through Democrats as they attempt to preserve a baseline political operation to counter the Trump administration and put together for the 2026 midterm elections. It additionally calls into query how Democrats used their sources, together with internet hosting occasions with musicians and different celebrities in addition to operating advertisements in quite a lot of nontraditional areas equivalent to Las Vegas’ domed Sphere.

Patrick Stauffer, chief monetary officer for the Harris marketing campaign, stated in a press release that “there were no outstanding debts or bills overdue” on Election Day and there “will be no debt” listed for both the marketing campaign or the DNC on their subsequent monetary disclosures, that are because of the Federal Election Fee in December.

The particular person aware of the marketing campaign and DNC’s funds stated it was unimaginable to know simply the place Harris’ steadiness sheet stands at the moment. The marketing campaign nonetheless is getting invoices from distributors for occasions and different companies from close to the tip of the race. The marketing campaign additionally has excellent receipts; for instance, from media organizations that should pay for his or her staff’ spots on Air Power Two because it traveled for the vice chairman’s marketing campaign actions.

Inside hours of Trump selecting Florida Republican Matt Gaetz for legal professional basic on Wednesday, Harris’ supporters received an attraction for more cash for “the Harris Fight Fund,” citing the rising Trump workforce and its agenda.

Gaetz, who resigned his Home seat after the announcement, “will weaponize the Justice Department to protect themselves,” the e-mail stated. It stated Democrats “must stop them from executing Trump’s plans for revenge and retribution” and famous that “even his Republican allies are shocked by this” Cupboard alternative.

One other attraction adopted Friday in Harris’ identify.

“The light of America’s promise will burn bright as long as we keep fighting,” the e-mail stated, including that “there are still a number of critical races across the country that are either too close to call or with the margin of recounts or certain legal challenges.”

The emails don’t point out Harris’ marketing campaign or its funds.

The “Harris Fight Fund” is a postelection label for the “Harris Victory Fund,” which is the joint fundraising operation of Harris’ marketing campaign, the DNC and state Democratic events. Regardless of the language within the current appeals, most rank-and-file donors’ contributions can be routed to the nationwide get together, until a donor took the time to contact DNC immediately and have the cash go on to Harris or a state get together.

The positive print on the backside of the solicitation explains that the primary $41,300 from an individual and first $15,000 from a political motion committee can be allotted to the DNC. The subsequent $3,300 from an individual or $5,000 from a PAC would go to the Harris for President “Recount Account.” Something past that threshold, as much as most contribution limits that may attain into the a whole lot of hundreds of {dollars}, can be unfold throughout state events.

Officers on the DNC, which is ready to bear a management change early subsequent 12 months, indicated the get together has no plans to cowl any shortfall for Harris however couldn’t explicitly rule out the get together shifting any cash to the marketing campaign.

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