New filings with federal regulators have shed light on the financial status of Vice President Kamala Harris' defunct presidential campaign. As of November 25, the campaign had a remaining balance of $1.8 million in its account, significantly depleting its initial war chest of over $1 billion.
The scrutiny surrounding the management of resources during the campaign's final stages has been intense. Reports indicate that Harris' campaign engaged in frenzied spending in the lead-up to the election, prompting concerns about potential unpaid bills. However, despite these challenges, the campaign is expected to close without any outstanding debts, with $1.82 million in cash on hand.
The latest report, covering the period from October 17 to November 25, reveals that the Harris campaign spent over $270 million during the intense final stretch. Over the course of the entire campaign, which also encompassed President Joe Biden's time as the Democratic nominee, expenditures totaled approximately $1.2 billion.
This staggering figure underscores the significant costs associated with modern political campaigns and highlights the limitations of financial resources in the face of formidable political obstacles. Despite consistently outpacing fundraising efforts compared to the opposition, Harris' campaign faced challenges that ultimately impacted its financial standing.
In contrast, President-elect Donald Trump recently transitioned his presidential campaign committee into a leadership PAC named Never Surrender, Inc. The committee reported debts exceeding $11 million as of November 25, primarily attributed to an Iowa-based firm for services related to telemarketing and data management. However, the committee still retained nearly $9.9 million in available cash at the conclusion of the reporting period.
