Democratic presidential nominee Kamala Harris is outspending Republican rival Donald Trump by nearly $5 million a day after a fresh surge of donations from Wall Street and Silicon Valley heavyweights, according to a report.
Harris splashed out $7.5 million daily in August, compared with $2.6 million by the former president, Bloomberg reported, citing the latest federal filings.
The vice president jumped into the race for the White House in July after donors voiced concern about President Joe Biden’s cognitive decline following his disastrous debate performance against Trump.
Harris’ ascension came after White House officials and Democrat party bigwigs repeatedly dismissed The Post’s reporting about Biden’s ailing health and his public gaffes as “misinformation.”
Since Biden stepped aside, cash has flooded into the Harris campaign from business titans, including Facebook’s co-founder Dustin Moskovitz, LinkedIn CEO Reid Hoffman and Oaktree Capital chairman Bruce Karsh, Bloomberg reported.
FEC filings show that Harris and the Democratic Party raised $361 million in August and entered the crucial months before November’s election with a war chest of $404 million.
Her main political action committee, Future Forward PAC, raised $36 million and had $84 million cash on hand, according to the filings.
Meanwhile, the Trump campaign raised $130 million in August — from donors that included banking scion Timothy Mellon and Blackstone CEO Stephen Schwarzman — to end the month with $295 million, the filings show.
His Make America Great Again PAC raked in $25 million over that same period, and began September with $59 million in cash, according to the filings.
Harris’s bigger cash haul gives her an advantage in the battle for TV advertising, though she continues to shunning sit-down interviews.
On Friday, Tesla founder and X owner Elon Musk, who has endorsed Trump, reportedly made his largest-known political donation by handing over $289,100 to Republican efforts to win seats in Congress.
The National Republican Congressional Committee said it had received the huge sum in a filing with the Federal Election Commission.
Musk set up the America PAC, which is responsible for bankrolling the Trump campaign’s canvassing in key battleground states.
It is run by former top aides to Florida Gov. Ron DeSantis’ failed presidential campaign, but some Republican officials have voiced concern they are not putting enough boots on the ground to encourage voters to turn out on polling day.
Despite Harris’ financial advantage, the race for the White House remains incredibly tight.
The New York Times published a poll earlier on Monday that showed that Trump was ahead in three key swing states — Arizona, North Carolina and Georgia.
In Arizona, which Biden narrowly won by just over 10,000 votes four years ago 2020, Trump leads Harris 50% to 45%, the poll found.
The former commander-in-chief has said that if he loses this year’s election on Nov. 5 that it is unlikely that he would try and run again in 2028 when he would be 82 years old.
“No, I don’t. I think … that will be it. I don’t see that at all,” he told TV host Sharyl Attkisson on Sunday when asked about vying for the White House for a third time.
“Hopefully, we’re gonna be successful.”
