Finance Network News on September 18th According to financial disclosure documents submitted on Friday, American Vice President Kamala Harris's campaign spent nearly three times the funds in August compared to her competitor, Donald Trump. This indicates that the financial advantage of the Democrats is continuously expanding before the formal election on November 5th.

With less than 7 weeks remaining until Election Day, Harris and Trump are still evenly matched, and the election has entered its final intense stage. Both presidential candidates have spared no effort in spending money, revealing the gap in financial resources between the two sides.

The above documents show that in August this year, Harris disclosed campaign expenditures of 0.174 billion dollars to the Federal Election Commission. Meanwhile, former President Trump's campaign team reported expenditures of 61 million dollars. Harris and Trump both stated that most of their expenses were spent on advertising, with a small portion used for rallies, travel, and campaign staff salaries.

Harris's campaign team also reported donating 0.075 million dollars to the Detroit Unity Fund, a non-profit organization dedicated to increasing voter turnout among black voters in Michigan. Michigan is a major battleground in this year's election.

However, analysts say that while Harris's financial advantage will help her secure extensive television advertising in the election, it may not necessarily lead to final victory. This is because both candidates are neck and neck in many opinion polls, including in key battleground states that could determine the outcome.

In 202 opinion polls tracked by The Hill/Decision Desk HQ, Harris leads Trump by only 3.6%. Moreover, drawing from history, in the 2016 presidential election, despite raising less funds than the Democrat Hillary Clinton, Trump still defeated her.

However, since Harris took over from Biden and performed well in the 'Hart Debate,' Harris's ability to 'raise money' has been evident: she raised 47 million dollars within 24 hours after the 'Hart Debate.' It is noteworthy that this is the largest amount raised in a 24-hour period since Harris entered the presidential race. In the whole month of August, Harris raised a total of 0.19 billion dollars.

On the other hand, the situation is not very optimistic for the Trump side. According to Trump's campaign team report, they raised 45 million US dollars in August. As of the end of August, the team's fund balance is 0.135 billion US dollars, a decrease of about 17 million dollars compared to the beginning of the month.

Editor/Emily