Harris raises $81m after Biden's exit from presidential race

 

The Democrats have poured $81m (£62.6m) into Vice President Kamala Harris' campaign since President Joe Biden dropped out of the race on Sunday. The increase in donations is the largest 24-hour donation mark in presidential history, with more than 888,000 donors giving less than $200 a day after Biden left. "Grassroots supporters are active and happy to support him as a Democratic candidate," said ActBlue, a progressive donor to X. donors withdraw their funds due to concerns about Mr. Biden said they now want to continue supporting the party.

The group raised more than $27.5 million in the first five hours of Ms Harris' presidential campaign. This number almost doubled by the end of the day. The amount broke the presidential fundraising record in 24 hours. The -fold increase in donations in the past 24 hours was the largest online donation to Democrats since 2020, when ActBlue raised $73.5 million after the death of Supreme Court Justice Ruth Bader Ginsberg has died, according to the New York Times. 

 The new money marks a major shift in the Democratic Party, which saw a boost from top donors when Mr. Biden performed poorly in June's presidential debate against Donald Trump. According to sources familiar with the Biden campaign quoted in the American media, 

 funds from small donors have decreased. 

 But shortly after Biden announced that he was leaving the race and supported Ms. Harris for the White House, Democrats took to the Internet with surprising speed. 

 Win and Black Women, a leading group of black women, held a rally with more than 44,000 participants Sunday night to throw their support behind the president. 

 The group said they raised more than $1.5 million for his presidential campaign in three hours. 

 Joe Cotchett, a San Francisco political activist for the Democrats, told NBC News that donors "are ready to reach into their pockets." 

 includes Gideon Stein, president of the Moriah Fund, which has helped the group, who told US media that he will continue to fund after it was closed due to concerns about Mr. Biden. 

 Several political donors have also expressed their support for Ms. Harris as the Democratic nominee. 

 LinkedIn founder Reid Hoffman called the vice president "the right person at the right time." 

 "We wholeheartedly support Kamala Harris and her support for the President of the United States in our fight for democracy in November," said X. 

 another big name in politics. Donor, Sandor Soros, philanthropic son of George Soros. He said Mrs Harris was "our best and most qualified person". 

 However, others, such as businessman and financier Vinod Khosla, called for an open system in the conference and not a monarchy. 

 "The key is still someone who can defeat Trump and everything else," said X. 

 Netflix founder Reed Hastings, known as a Democratic megadonor, told the New York Times earlier that Biden should leave the Democratic About party. candidate. 

 "Dem delegates will elect a state champion," X wrote on Sunday as Mr. Biden finished.

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