Kamala Harris raises $200 million as Biden exits presidential race

"In the week since we started, Kamala Harris raised $200 million. 66 percent of this amount comes from new donors. We also have 170 thousand new volunteers," wrote Harris's deputy campaign manager, Rob Flaherty, on platform X.

At the beginning of July, the campaign team for Republican presidential candidate Donald Trump announced that it had amassed $331 million, of which $284.9 million was in cash. For comparison, by the end of June, Joe Biden's campaign had $96 million in its account, according to reports.

Harris has gained the support of the majority of Democratic National Convention delegates, which will likely secure her the party’s nomination for President next month. "Our Vice President is the likely candidate. The official vote will take place on August 1," said Democratic National Committee Chairman Jaime Harrison on Sunday to MSNBC.

Mitch Landrieu, co-chair of Harris's campaign, told MSNBC that the U.S. Vice President "had one of the best weeks we've seen in politics in the last 50 years". "It will be a very tight race to the White House," he emphasized.

On Sunday, July 21, Joe Biden announced that he was withdrawing from the race for President of the United States. In a statement he posted on social media, he indicated who, in his opinion, should take up the mantle. However, Biden's nomination is not enough for Kamala Harris to become the Democratic Party's candidate immediately. The delegates must support her.

When on Sunday Joe Biden announced his support for his vice president's candidacy in the November elections, money from donors began to flow almost immediately.

As reported by Bloomberg, the donations made only on July 21 on ActBlue, the platform for raising funds for the Democratic campaign, exceeded $50 million.