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Democratic Party Sees Soaring Donations Post-Biden's Exit
2024-07-22 19:55:08
Politics
USA
Finance

Democratic Party Sees Soaring Donations Post-Biden's Exit

Following Biden's withdrawal, Democrats witness a historic surge in online donations exceeding 46 million euros within 7 hours. Expectations are high for unprecedented fundraising levels, managed by Korge at the Biden Victory Fund.

With Biden's campaign fund of $96 million now in question, Vice President Harris gains access while potential candidates start afresh. The Democratic Party and state entities hold $144 million for unified messaging, but super PAC coordination restrictions challenge Democrats against the GOP's $285 million lead in fundraising efforts for the upcoming elections.

Related news on that topic:

US election live updates: top Democrats back Kamala Harris as ... steps aside

Prominent Democrats, including top politicians and governors, have thrown their support behind Kamala Harris as she becomes the frontrunner for the Democratic nomination following Joe Biden's withdrawal from the race. Harris' campaign received a surge in donations, with over $50 million raised in the first 24 hours. However, Republicans, including Speaker Mike Johnson, are calling on Biden to resign immediately. Trump's campaign plans to tie Harris to Biden's policies on immigration and the economy, portraying her as the 'co-pilot' of the administration. The race for the presidency is now focused on Harris and Trump, with polls showing a tight race between the two. Despite challenges including uniting the party and addressing issues like Gaza, Harris has gained support from influential figures such as Hillary Clinton and the Congressional Black Caucus. The nomination will be decided at the Democratic National Convention, where Harris needs the support of over 3,800 delegates to secure the nomination. Harris faces the challenge of revitalizing the campaign and attracting independent voters as she aims to become the first woman, Black woman, and person of South Asian descent to potentially serve as president.

US Democrats Rally Behind Vice President Harris after Biden's ... Withdrawal

Following President Joe Biden's withdrawal from the presidential race, many Democrats have rallied behind Vice President Kamala Harris as a replacement candidate. Influential politicians in the party, including Michigan Governor Gretchen Whitmer and former House Speaker Nancy Pelosi, have expressed their support for Harris. Financially, Harris has already seen a surge in donations, with her campaign team reporting over $50 million in the first 24 hours. As the Democratic Party prepares for the presidential nomination process, there is speculation about who Harris will choose as her running mate. Names being mentioned include Pete Buttigieg, Josh Shapiro, and JB Pritzker. The Republicans, on the other hand, are strategizing on how to attack Harris and tie her to Biden's policies. With Biden's withdrawal, the 2024 presidential election is shaping up to be a highly anticipated and dynamic race.

Read 17 more recent news on this topic

The press radar on this topic:

n-tv.de
22. Juli 2024 um 04:32

Donations surge rapidly after Biden's dropout: Democrats shower party with money - n-tv.de

Politics
Finance
Democrats receive record amounts of online donations after Biden's withdrawal; Over 46 million euros donated in 7 hours; Experts expect the biggest fundraising moment in party history; Finances of the Biden Victory Fund are managed by Korge.
Thế giới - VnExpress
22. Juli 2024 um 11:50

Đảng Dân chủ thu số tiền ủng hộ kỷ lục sau khi ông Biden rút lui

Politics
Economy
ActBlue raised record $46.7 million after Biden withdrew 2024 bid, surpassing $73.5 million post-Ginsburg; Biden cited poor debate, Democratic calls to not run; Harris now likely Democratic nominee.
The Street
29. Juli 2024 um 14:45

Here's what happens to Biden’s $96 million campaign fund TheStreet Daily Newsletter

Politics
Finance
Economy
President Biden's $96 million re-election campaign fund faces uncertainty after his exit from the White House race. Vice President Kamala Harris gains access to the unspent money, while new contenders starting from zero may challenge her. Exceptions exist for leftover campaign funds from Senate or House members. The Democratic National Committee and state parties hold $144 million for coordinated messaging. Super PACs are barred from coordinating with the campaign, forcing Democrats to compete..
n-tv.de
22. Juli 2024 um 15:01

What happens to Biden donations?: The US election campaign costs so much - n-tv.de

Politics
Finance
Election campaigns in the US are extremely expensive; in 2020, over $14 billion was spent. Direct donations to candidates and parties are limited, instead, large donations to Super-Pacs finance the election campaign. Many small donations from private individuals also flow into the election campaign.
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