In the wake of President Joe Biden’s announcement that he will not seek re-election, the Democratic Party has seen a substantial surge in fundraising, raising $100 million through its primary fundraising platform, ActBlue. This remarkable amount was reported over just two days, reflecting strong enthusiasm among donors for the party’s future, particularly in support of Vice President Kamala Harris’s newly launched presidential campaign.
On a single day, Sunday, ActBlue recorded an impressive $66.9 million in donations, marking the highest fundraising day for the 2024 election cycle. This success is reminiscent of past peaks in fundraising activity, notably during high-profile political events such as presidential debates. The totals from ActBlue, tracked by developer Ryan Murphy, showcase the platform’s significance in Democratic fundraising efforts since its inception in 2004, with cumulative cash contributions surpassing $14 billion.
The influx of donations has sparked excitement within the grassroots movement, with ActBlue highlighting a notable number of first-time donors contributing in the previous 24 hours. Following Biden’s announcement, Future Forward, a super PAC aligned with him, also reported receiving $150 million in commitments from significant donors, while another Democratic group, Swing Left, raised over $160,000 shortly thereafter.
Support for Harris’s campaign appears robust, with endorsements from influential Democratic figures, including major donors like George and Alex Soros. This enthusiasm reflects a broader mobilization for the upcoming election cycle. Despite previous challenges Biden faced during his campaign—such as fundraising surges for Trump after notable court proceedings—these recent developments suggest that the Democratic Party is gearing up for a competitive race.
Overall, the significant fundraising achievements during this period may enhance the Democratic Party’s momentum as it prepares for the 2024 elections. This movement exhibits not only resilience within the party but also a hopeful outlook as it rallies support for its candidates, signaling an engaged and activated base among voters.