Kamala Harris Raises More Than $80M in 24 Hours

UPDATE Jul 22, 2024 6:50 PM CDT

Vice President Kamala Harris' campaign says it raised a stunning $81 million in the 24 hours after President Biden dropped his reelection bid and endorsed her. The Harris campaign says it is the largest 24-hour fundraising haul in the history of presidential elections, CBS News reports. According to the campaign, more than 888,000 donors were involved and 60% of them were making a donation for the first time in this election cycle.

Jul 22, 2024 12:54 PM CDT

Democratic donors opened their wallets after President Biden closed the door on his reelection bid. Vice President Kamala Harris' campaign says she raised more than $50 million in less than 24 hours after Biden quit the race and endorsed her, the New York Times reports. The ActBlue donation-processing portal says that around $50 million in donations for Harris received by 5am Eastern were part of a larger haul of more than $80 million for Democratic candidates after Biden's announcement.

At least $10 million more was donated to Harris later Monday, the Times reports. ActBlue says it has only had two bigger days in its history: the day after Justice Ruth Bader Ginsburg died in 2020, and the day after Biden's first debate with Donald Trump the same year. "This has been the biggest fundraising day of the 2024 cycle," the platform said in a post on X. "Small-dollar donors are fired up and ready to take on this election."

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Major donors who had paused donations after Biden's poor performance in last month's debate, including Abigail Disney, tell CNBC that they're ready to support Harris. The BBC reports that LinkedIn co-founder Reid Hoffman called Harris "the right person at the right time." "I wholeheartedly support Kamala Harris and her candidacy for President of the United States in our fight for democracy in November," he said. (More Kamala Harris 2024 stories.)