In a remarkable display of support, the Democratic Party raised $100 million from donors through ActBlue, their primary fundraising platform, just one day after President Joe Biden announced he would not pursue re-election. The impressive amount raised in such a short time highlights the enthusiasm and commitment of donors as the political landscape shifts.
On a particularly noteworthy day, Sunday, Vice President Kamala Harris’s presidential campaign witnessed an influx of $66.9 million in donations, making it the largest fundraising day of the 2024 election cycle for ActBlue. This surpasses previous records, notably the $28 million raised following a pivotal debate between Biden and former President Donald Trump in 2020.
In reaching this milestone, ActBlue has now accumulated an astonishing $14 billion in funds since its inception two decades ago. This figure contrasts with WinRed, the Republican counterpart that began operating in 2019, which has generated approximately $4.3 billion.
The momentum continues as Future Forward, a PAC aligned with Biden, reported acquiring $150 million in fresh commitments from major donors within 24 hours following his announcement and endorsement of Harris. Additionally, Swing Left reported raising over $160,000 in the same timeframe to support the eventual Democratic nominee.
Esteemed Democratic donors, including Roger Altman, George Soros, and Alex Soros, have expressed their support for Harris’s campaign, indicating a strong financial future for her as she steps into this pivotal role.
While previous fundraising efforts for Biden have seen significant inflows—such as $19.2 million after former President Trump’s legal troubles—the current surge emphasizes a united front as Democrats rally behind their new standard-bearer, Harris.
This powerful financial backing not only reflects robust grassroots support but also positions the Democratic side for what promises to be a competitive election season ahead.
In conclusion, the rapid fundraising achievements following Biden’s announcement suggest a revitalized Democratic base ready to support Harris and the party’s goals. The significant contributions demonstrate a continued commitment to activism and engagement within the political landscape, fostering hope for a vigorous campaign moving forward.