Financial Associated Press October 21st news As the U.S. presidential election approaches, the competition between the candidates of the two parties in the United States has entered the most intense final sprint.

Sunday Eastern Time, the financial disclosure submitted by the Democratic presidential candidate Kamala Harris team showed that the Harris team spent a whopping $0.27 billion in September on campaign ads, far exceeding their rival -Republican presidential candidate Donald Trump, whose campaign spending was only $78 million in September.

The data also shows that the scale of Harris team's fundraising far exceeds Trump's: Harris raised a total of $0.222 billion in September campaign funds, while Trump only raised $63 million.

Harris has the advantage in campaign funds.

Since July of this year, after U.S. President Biden announced the end of his reelection campaign and Democratic Vice President Harris officially began her campaign, the Harris team has established a huge economic advantage.

In recent months, Harris has consistently raised more funds from small donors than Trump, and this was also the case in September. However, many billionaires, including Elon Musk, have openly supported Trump and have invested heavily in activities supporting Trump.

According to another document submitted to the Federal Election Commission, one of Trump's largest ally organizations, the Super PAC 'Make America Great Again Inc.', received a $25 million donation from conservative billionaire Timothy Mellon in September.

Timothy Mellon is the heir of the well-known Mellon banking family. Earlier this year, he has already provided at least 0.115 billion dollars to the super PAC, with most of the super PAC's expenditures focused on supporting Trump's television ads.

Among Harris's major supporters are Facebook co-founder Dustin Moskovitz and cryptos billionaire Chris Larsen.

Harris's campaign team told the Federal Election Commission that in early October this year, there were still 0.187 billion dollars in her campaign account, while Trump's campaign team reported a figure of 0.12 billion dollars.

Spending more money does not guarantee a win?

Despite data showing that Harris's team is spending heavily in the final sprint before the election, flooding the airwaves with television ads for comprehensive promotion, this may not necessarily lead to victory for Harris.

Many polls indicate that the current situation of the two candidates remains neck and neck, including in key swing states that could determine the winner, showing a close race.

According to the polling data website fivethirtyeight, as of October 19, Harris's poll rating is only slightly higher than Trump's by 1.8 percentage points in the national polls in the USA.

In fact, in the 2016 presidential election, the amount of campaign funds raised and spent by Trump was far less than his Democratic competitor Hillary Clinton, but Trump still unexpectedly defeated Clinton in the end, causing a major market surprise.

Editor/Lambor