Harris raised twice as much money as Trump for the presidential race

Kamala Harris' campaign team announced that it had raised $310 million in July, more than double the funds raised by Donald Trump, an amount raised largely since the vice president replaced Joe Biden in the November election.

While fundraising plays an essential role in American campaigns, often in astronomical amounts, the new Democratic candidate had raised $200 million in less than a week after the July 21 withdrawal of Joe Biden.

Kamala Harris' team "raised $310 million in July, the largest amount for the 2024 election," the team announced in a press release.

"This fundraising was fueled by the best month of small donor fundraising in presidential election history and represents more than double what Donald Trump's campaign raised in the same month," Harris' team added.

The Republican candidate's team announced in a statement Thursday that it had raised $138.7 million in July, a significant amount raised in the month that Donald Trump survived an assassination attempt and received a triumphant endorsement at the Republican convention.

The staggering sums of American presidential campaigns are mostly spent on very expensive clips promoting the candidates' results and promises.

The NGO "Open Secrets", specialized in political financing, estimates that the 2024 elections could be the most expensive in American history.