Democrats raised an eye-popping $46.7 million hours after President Biden dropped his reelection bid and backed Vice President Kamala Harris to run against Donald Trump, according to a liberal fundraising platform.
The massive influx of cash marked the single-largest fundraising day for online party contributions since the last presidential election, according to a New York Times analysis.
ActBlue, which is used by the Biden-Harris campaign for small-dollar donors, said it raised the incredible figure by about 9 p.m., adding that Sunday had the highest amount of donations of the entire 2024 election cycle thus far.
“Small-dollar donors are fired up and ready to take on this election,” ActBlue tweeted.
The platform said in just five hours after the president’s announcement, it raked in $27.5 million.
Democrats went from collecting an average of $200,000 per hour in the hours before Biden, 81, dropped out to a shocking $7.5 million in an hour, according to the Times.
“This might be the greatest fundraising moment in Democratic Party history,” Dem digital strategist Kenneth Pennington wrote on X.
But while money was rushing in as Harris picked up countless endorsements to be the Democratic frontrunner for the White House, one big money donor said he had no intention of financially supporting the California Democrat.
“It’s one thing to vote for somebody; it’s another thing to raise millions of dollars for somebody; you have to really be in,” John Morgan, a successful Florida lawyer, told ABC News.
He believes Harris, 59, is too liberal to beat former president Trump, 78, in November’s general election.
Harris swiftly inherited Biden’s war chest Sunday. The campaign ended June with just under $96 million cash on hand, but when combined with allied commitments and the Democratic National Committee, that figure spikes to $240 million.
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