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Harris campaign ends race with $1.8 million – part of a mixed financial picture for Democrats

Harris campaign ends race with $1.8 million – part of a mixed financial picture for Democrats

CNN
Friday, December 06, 2024 09:58:59 PM UTC

Vice President Kamala Harris’ defunct presidential campaign had just $1.8 million in its account on November 25, according to the new filings with federal regulators, having virtually emptied its massive war chest of more than $1 billion.

Democrats emerged from their bruising election losses in November with a decidedly mixed financial picture, new federal filings show. The Democratic National Committee appeared flush with cash, despite recent post-election staff cuts, and a leading liberal super PAC appeared to have tens of millions of dollars in unpaid bills. Vice President Kamala Harris’ defunct campaign, meanwhile, had just $1.8 million remaining in its bank accounts after spending more than $1 billion in a failed effort to defeat Republican Donald Trump. The Harris campaign reported no debts. But the filings with the Federal Election Commission overnight – which cover fundraising and spending between October 17 and November 25 – offer just a snapshot of the financial outlook for a party working to regroup after losing the White House and the Senate and failing to flip the House last month. Aides to key committees say they are still dealing with outstanding invoices and other accounting issues as they close the books on the costly presidential contest. A full view of Democrats’ finances might not be apparent until January when candidates, parties and outside groups file their year-end reports with the FEC. The filings show Harris burned through money during the final, intense home stretch of the campaign, plowing more than $270 million into the effort to win the presidency from October 17 through the post-election period. That frenzied spending in the final weeks of the campaign and Democrats’ aggressive efforts to secure donations after the election drew intense scrutiny and raised alarms that her campaign was grappling with unpaid bills. But after record-breaking fundraising, Harris’ campaign reported $1.82 million in cash on hand as of November 25. In the weeks since the election, Democrats have continued to bombard supporters with fundraising appeals, seeking more contributions.

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