Joe Biden raised $26 million for his presidential campaign in the 24 hours that followed his announcement that California Senator Kamala Harris would be his running mate.
Biden's campaign said on August 12 that the sum more than doubled the campaign's previous record. It also received contributions from more than 150,000 new donors.
Harris is expected to play a prominent role in fundraising for the campaign.
Also read: Who is Kamala Harris? All about Biden's vice-presidential running mate
Act Blue, the left's online fundraising arm, reported taking in almost $11 million in the hours after the Harris announcement.
The Biden campaign expects a massive haul from an August 12 evening grassroots fundraiser.
With Democrats now close to matching the massive $300 million cash stockpile President Donald Trump and the Republicans reported in July, that could lend a competitive edge just as the campaign enters the home stretch.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
