- Kamala Harris’s campaign is facing a $20 million debt after the Democrats’ 2024 election loss to Donald Trump.
- Despite record-breaking fundraising efforts, raising over double that of the Republicans, the campaign spent heavily on high-profile events featuring popular artists.
- With significant donations from crypto figures, like Ripple co-founder Chris Larsen, Democrats are now seeking additional funds to cover campaign debts.
Kamala Harris’s campaign is reporting a nearly $20 million debt following the Dems loss to Donald Trump in the 2024 Presidential election.
Since replacing Joe Biden as the democratic nominee – Kamala Harris tripled down its efforts to gather campaign funds, breaking the all-time record for most money raised in a quarter by September 2024.
Interestingly, Harris’ campaign raised over-double the amount of its opposition. By October, the Democrats had reported $997 million raised, while Republicans reported $388 million.
Christopher Cadelago, from Politico, reported that by October 16 the Blues still had $118 million in its campaign account with less than a month before the election.
However, Cadelago confirmed that today – only two days after the election, the Democrats are reporting a $20 million dent.
Over the span of the run, Jen O’Malley Dillon – the campaign manager – invested heavily in gaining attention to the Blues by putting up concerts with some of America’s most notorious artists. The list included the likes of Eminem, Lady Gaga, Katy Perry, Beyonce, and ‘The Boss’ Bruce Springsteen.
Breitbart reported that campaign managers are now listing campaign emails to try and find donors who’d like to raise the money back for the campaign.
Throughout the campaign, the Dems also received sizable amounts of donations in cryptocurrencies. Most notably, Ripple co-founder Chris Larsen donated $11 million to a Democrat-supported PAC.
