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Trump vs. Harris 2024 Fundraising Race: Harris Erases Trump’s Cash Lead

At the September 30, 2024 FEC cutoff, Harris’s candidate committee reported $67.8 million more cash on hand than Trump’s. The comparison excludes allied outside groups.
From TheFinanceBase Team3 min to read
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By September 30, 2024, Kamala Harris’s presidential campaign committee reported $187,471,148 in cash on hand, compared with Donald Trump’s $119,676,444. Harris’s balance was $67,794,704 higher, according to the Federal Election Commission (FEC). That is a comparison of candidate-committee balances at one filing cutoff—not a total of all money held by allied committees or outside groups.

Who had more cash on hand at the end of September?

Harris had more. The FEC’s presidential-candidate table, generated January 9, 2025, reports these balances for activity through September 30, 2024:

Candidate committee Cash on hand
Harris for President $187,471,148
Trump’s campaign committee $119,676,444
Harris’s lead $67,794,704

The FEC candidate table compares reported campaign activity through the same cutoff. Its footnote says Harris’s total includes activity from before the committee’s July 21, 2024 renaming from Biden for President (committee C00703975) to Harris for President. The reported balance therefore carries forward the committee’s earlier activity; it is not a measure of fundraising that began only after Harris became the nominee.

How did Harris erase Trump’s reported cash lead?

The available figures show a reversal by the September 30 cutoff, but they do not establish a precise June starting gap in a matched primary-source comparison. An earlier August snapshot offers context, provided its broader scope and preliminary status are kept clear.

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August figures covered coordinated campaign operations

On September 6, 2024, The Washington Post reported campaign-announced August totals: the coordinated Harris operation said it raised $361 million and had $404 million in cash on hand; the coordinated Trump operation said it raised $130 million and had $295 million in cash on hand. Those were campaign announcements about coordinated operations, not the later FEC candidate-committee figures. The Post cautioned that the numbers could not be verified until subsequent disclosures.

Harris deputy campaign manager Rob Flaherty described the August haul as “the kind of grassroots enthusiasm that money can’t buy,” while also saying the cash advantage was “a bit deceptive” because the money was committed to campaign needs. Those remarks are campaign-side characterizations, not independent assessments.

September receipts were much higher for Harris, but so was spending

Based on the campaigns’ FEC filings, CBS News reported that Harris for President raised $221.8 million and spent $269.8 million in September. Trump’s campaign raised $62.7 million and spent $77.6 million. Both principal committees spent more than they raised during the month, which helps explain why monthly fundraising totals alone do not determine the ending cash balance. CBS’s comparison excludes other candidate-aligned PACs.

Receipts measure money coming in over a reporting period. Cash on hand is the amount reported as remaining at its end, after spending and other reported activity. A campaign can raise a large sum in a month and still finish with less cash than it started with if its outlays are greater.

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Do the campaign totals include super PACs or other allied groups?

No: the September figures above are for the principal campaign committees, not a combined pool of all money available to each candidate’s allies. CBS explicitly excludes other pro-Harris and pro-Trump PACs from its September comparison. The FEC candidate table likewise should not be read as an all-in total for party committees, joint fundraising committees, super PACs, or other outside organizations. The sources here do not establish a matched September 30 balance for all aligned groups.

The scale of the wider federal campaign-finance picture is much larger than these two committees. The FEC’s 2025 statistical summary records $1,626.1 million in receipts and $1,323.7 million in disbursements for all presidential candidates’ activity from January 1, 2023, through September 30, 2024. Those are aggregate totals across candidates, not either candidate’s individual campaign balance. The FEC describes itself as “an independent regulatory agency that administers and enforces federal campaign finance laws.”

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What the cash comparison does—and does not—show

The September 30 filing establishes that Harris’s candidate committee reported nearly $67.8 million more cash on hand than Trump’s at that cutoff. It does not measure every allied group’s resources, and a cash advantage by itself does not predict an election result. For a fair comparison, keep the date, organizational scope, and distinction between monthly receipts and ending balance attached to every figure.

Sources: FEC presidential candidate data; FEC statistical summary of 21-month campaign activity; CBS News, October 21, 2024; The Washington Post, September 6, 2024.

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