What We Know About Declare Harris' 2024 Presidential Marketing campaign Ended Up $20M in Debt

Declare:

U.S. Vice President Kamala Harris’ 2024 presidential marketing campaign completed the election with $20 million of excellent debt.

Ranking:

Context

U.S. regulation requires all marketing campaign donations and expenditures to be reported to the Federal Election Fee. The most recent FEC information accessible was from Oct. 16, 2024, and didn’t present the Harris marketing campaign as having any debt. Snopes will replace this truth test when more moderen information from the FEC is printed.

Following U.S. President-elect Donald Trump’s victory within the 2024 presidential election, many social media customers started investigating and criticizing the marketing campaign methods of his opponent, Vice President Kamala Harris, to assist clarify the end result. 

One matter of analysis was the Harris marketing campaign’s funds — regardless of Harris having solely a short while to marketing campaign after President Joe Biden dropped out of the race in July and she or he changed him on the Democratic ticket, her marketing campaign raised greater than $1 billion.

An X post from Politico’s California bureau chief claiming the Harris marketing campaign ended with $20 million of debt raised questions on how the marketing campaign spent its cash. Snopes reached out to the Harris marketing campaign and to the Politico reporter for remark and can replace the story as they reply.

This declare unfold quickly on social media, and it was reported by conservative information media shops together with Fox News and the New York Post. Other outlets that coated the subject used such conservative media shops as sources. Lindy Li, a Democratic Nationwide Committee official, mentioned on Fox’s morning present “Fox & Mates Weekend” that the marketing campaign was a “catastrophe” and alleged it had resulted in debt.

All candidates for federal workplace are required to report all cash they earn and spend to the Federal Election Fee. These donations are publicly accessible via the FEC’s marketing campaign finance database.

Nevertheless, that database’s most up-to-date replace was on Oct. 16, 2024, as of this writing. As such, Snopes cannot give this declare a definitive ranking till information for the tip of October and starting of November is available in. 

As of Oct. 16, the Harris marketing campaign had raised greater than $997 million instantly, together with cash raised by the Biden marketing campaign earlier than he dropped out. It had spent $880 million, that means that via Oct. 16 the marketing campaign had surplus of $118 million and was not in debt.

Sources