Harris

Winning a U.S. presidential election hinges on a complex interplay of factors, among which campaign strategies, candidate credentials, media influence, public accessibility, socioeconomic contexts, and voter sentiment are key. Yet, the fundraising and resource allocation process is central to these dynamics—the driving force that propels these elements toward a more significant impact. Fundraising serves as both the lifeblood of the campaign machinery and a catalyst for enhancing the effectiveness of other campaign components. Consequently, extensive research has studied the correlation between financial backing in U.S. presidential campaigns and candidates' success. Although findings vary widely, a consensus has emerged around the essential role of funding in mounting a viable campaign. Divergences among studies, however, suggest that the sheer volume of funds raised does not consistently predict electoral success. This nuance became particularly evident in the 2016 and 2020 presidential campaigns, where the connection between campaign financing and the likelihood of victory appeared less direct, signalling a shift in campaign financing dynamics and evolving voter priorities.   On the other hand, the scale and nature of campaign funding reveal insights into voters’ preliminary preferences, political leanings, and a potential president's anticipated priorities and agenda. Campaign funding reflects the candidate's backing base and hints at the strategic tools and priorities the next administration might emphasise. This analysis thus examines the funding sources behind the Democratic and Republican presidential campaigns—the largest and most competitive contenders for the White House.

It has been an extremely eventful month for the United States. In the span of just one month, we have seen a disastrous debate performance by President Joseph Biden, the attempted assassination of former President Donald Trump, a coup fomenting among Democrats against Biden, Biden contracting COVID-19, and finally, Biden dropping out only 107 days before Election Day and endorsing Vice President (VP) Kamala Harris as the Democratic Party candidate.   All accounts of Biden’s decision suggest that what finally convinced the 81-year-old was not pressure from fellow Democrats to drop out — despite Biden insisting he would stay in the race a day before his announcement — but rather polling conducted by his campaign in key battleground states, which essentially showed that he had no path to the Oval Office and would additionally have to spend significantly in Virginia and New Mexico, states that were considered safely Democratic.   This isn’t the first time an incumbent president has decided to bow out of a presidential election. In 1968, President Lyndon B. Johnson (LBJ) did the same, leading to an open Democratic Convention that, coupled with the anti-war movement, resulted in rioting in the streets of Chicago. Similarly, following Biden’s decision, the Democratic Party will be having an open convention in August at a time of high political polarisation. When LBJ announced he would not seek reelection, he gave the Democratic Party 219 days to assemble and organise; they failed to do so and lost the election. Biden has only given the Democratic Party and their chosen candidate — almost certainly VP Kamala Harris — 107 days to run a campaign against Donald Trump, whom Biden has consistently described as the greatest threat to American democracy in the country’s history.   Biden’s decision raises significant questions, the most significant being does Kamala Harris have enough time to mount a serious campaign in less than four months?