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Harris, Trump Campaigns Raised Almost $1.4Bln in Total, Spent Over $1.2Bln

© AP Photo / Alex BrandonRepublican presidential nominee former President Donald Trump shakes hands with Democratic presidential nominee Vice President Kamala Harris during an ABC News presidential debate at the National Constitution Center, Tuesday, Sept.10, 2024, in Philadelphia.
Republican presidential nominee former President Donald Trump shakes hands with Democratic presidential nominee Vice President Kamala Harris during an ABC News presidential debate at the National Constitution Center, Tuesday, Sept.10, 2024, in Philadelphia.  - Sputnik International, 1920, 03.11.2024
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WASHINGTON (Sputnik) - The campaign to elect Democrat Kamala Harris as US president has raised almost a billion dollars, while her Republican rival Donald Trump has raised just under $400 million, according to open data and calculations by US media based on statistics from the Federal Election Commission.
According to the Federal Election Commission as of mid-October, almost all of the funds raised have been spent: Harris has $118 million left, while Trump has $36.2 million. Thus, the candidates have spent more than $1.2 billion in total.
In the final stage of the race, Harris was outraising Trump almost five-fold, having added $97.2 million in early October against $16.2 million for the Republican. Harris outpaced the politicians nominated in the previous election cycle in terms of the speed of fundraising, since she became a candidate only a few months before the election.
U.S. President Joe Biden and Vice-President Kamala Harris shake hands during a ceremony to sign the Infrastructure Investment and Jobs Act, on the South Lawn at the White House in Washington, U.S., November 15, 2021 - Sputnik International, 1920, 01.11.2024
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Harris set a record for the speed of fundraising, having accumulated more than $1 billion in three months. In the last election cycle, two candidates raised $1.85 billion: $785 million for Trump, $1.06 billion for Joe Biden.
US media report that Trump's smaller spending may be related to a strategy in which salaries and rent of rally sites are paid by structures associated with the Republicans.
Trump's most generous donor was billionaire Timothy Mellon, who donated $150 million, while entrepreneur Elon Musk contributed $120 million. About 50 billionaires provided financial support to the politician. Harris is backed by 76 wealthy Americans.
The US presidential election will be held on November 5.
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