DIRS.INFO The most relevant business & tech news

CNN —The dramatic change at the top of the Democratic presidential ticket unleashed a flood of donations to the campaign account Kamala Harris inherited from Joe Biden, swamping even Donald Trump’s strongest fundraising days, a CNN analysis of newly filed campaign reports shows. The donor enthusiasm for Harris’ surprise candidacy has quickly eroded the cash advantage Trump once held. The Harris campaign had previously announced collecting a whopping $310 million in July through its joint fundraising efforts with aligned Democratic Party committees – far exceeding the nearly $139 million that the Trump political operation said it had brought in last month. A Harris campaign official said Tuesday the team expected to cross the $500 million mark in fundraising in the coming days. The CNN review examined sums raised by each candidate’s main campaign committee – a valuable resource in politics because those committees by law must receive discounts on television advertising, giving candidate-controlled money a greater impact than donations to parties and outside groups.

Persons: Kamala Harris, Joe Biden, swamping, Donald Trump’s, Harris, Harris ’, Trump Organizations: CNN, Democratic, White, Trump Locations: New York

☆ Live Election Updates: R.N.C. to Spotlight Trump’s Hard-Line Vision on Immigration
▼ + stars: | 2024-07-16 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +8 min

A majority of its members have deep ties to Mr. Biden and were vetted for their loyalty to him, making it unlikely that his nomination will face significant dissent. Mr. Biden, during an interview with NBC News that aired on Monday, reiterated that he was not leaving the race. “Look, 14 million people voted for me to be the nominee in the Democratic Party, OK?” he said. changed its process to nominate Mr. Biden to accommodate an Aug. 7 deadline to place him on the ballot in Ohio. In recent days, Mr. Biden has held several meetings with Democrats in the House that have ended with mixed reviews.

Persons: Biden, Tim Walz, Leah Daughtry, Biden’s, Wes Moore, . Walz, Eric Lee, Mr, “, Walz, “ Governor Walz, ” Teddy Tschann, ’, Jared Huffman, Huffman, ”, MAGA, ” Jaime Harrison, ” Mr, Jamie Kelter Davis, Trump, Aaron Regunberg, —, ” Daniella Ballou, Ms, Ballou, Aares, Kenneth P, Vogel Organizations: Democratic National Committee, Democratic National Convention, House Democrats, Gov, Democratic, Credit, New York, NBC News, Democratic Party, Democratic Party committees, Democratic Governors Association, “, Democrats, New York Times, Lawmakers, Biden, Ohio Republicans, MAGA Republicans, Republican, The New York Times, White Locations: Minnesota, Maryland, California, Ohio, Madison, Wis, Credit

☆ ‘Ultra MAGA’: Donors to new Trump fundraising outfit can obtain special status with maximum contribution
▼ + stars: | 2024-03-29 | by ( Daniel Strauss | Fredreka Schouten | ) edition.cnn.com time to read: +2 min

The highest level of contributions to the Trump 47 Committee – as the joint fundraising committee is known – is called “Ultra MAGA” and is designated for individuals who donate $814,600, the current limit that one person can currently donate to Trump 47. A Trump campaign aide did not immediately respond to an inquiry about the fundraising levels. On Thursday, Biden was joined by two former White House occupants – Barack Obama and Bill Clinton – at a star-studded New York fundraiser that the Biden campaign said brought in more than $26 million. Donations to the Trump 47 Committee benefit Trump’s campaign; his leadership PAC, which has underwritten his legal bills; the Republican National Committee and roughly 40 state party committees. The joint fundraising committee was established earlier this month, following Trump’s takeover of the RNC.

Persons: Donald Trump’s, MAGA, “ MAGA, ”, John Paulson, Trump, Joe Biden, Biden, – Barack Obama, Bill Clinton – Organizations: CNN, Republican Party, Trump, “, Republican, White, New, Democratic Party, PAC, Republican National Committee, RNC Locations: Florida, New York

☆ Biden reelection campaign raises over $72 million in second quarter
▼ + stars: | 2023-07-14 | by ( Brian Schwartz | ) www.cnbc.com time to read: +2 min

President Joe Biden raised over $72 million for his 2024 reelection effort in the second quarter of this year, according to the Biden-Harris campaign. The fundraising success was spread across all of Biden's reelection entities, including his campaign and joint fundraising committees. The Biden entities ended the quarter with a combined $77 million in cash on hand for a presidential campaign battle next year that is poised to be the most expensive in American history. DeSantis' campaign, which officially launched in May, raised $20 million. The Biden campaign said that its $77 million cash on hand for Team Biden "represents the highest total amassed by a Democrat at any comparable point in history."

Persons: Joe Biden, Kamala Harris, Emmett Till, Harris, Biden, Donald Trump, Ron DeSantis, DeSantis, Julie Chavez Rodriguez, MAGA, Rodriguez, Spokespeople Organizations: White, Biden, Democratic National Committee, Democratic, Florida Gov, Republican, PAC, Trump, CNBC Locations: Rose, Washington , DC

☆ Biden, Democrats plan beefed-up 50-state fundraising strategy to overwhelm GOP rivals
▼ + stars: | 2023-05-24 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

Those four state committees did not fundraise with the Biden Victory Fund in 2020, according to OpenSecrets. The DNC, likewise, saw over $100 million through the Biden Victory Fund and finished bringing in over $491 million during that cycle. The beefed-up joint fundraising strategy could give Biden's campaign and the Democratic Party a major boost for the general election. The new agreement allows the Biden Victory Fund to reap up to $929,600 from an individual donor, according to the DNC official. A theoretical $929,600 check would be doled out through the Biden Victory Fund to the Biden campaign ($6,600), the DNC ($41,300), with $510,000 split between all of the state parties.

Persons: Joe Biden, Biden's, Biden, Julie C, Rodriguez Organizations: White, Democratic Party, Republican, Biden, Fund, Washington D.C, CNBC, Democratic, Democratic National Committee, DNC, D.C, MAGA Republicans, Biden Victory Fund Locations: Japan, Washington, Iowa , California, South Dakota, Illinois

Search resuls for: "Democratic Party committees"

5 mentions found