Reports: Harris' ill-fated presidential bid ends with $20M in debt

By 
 November 10, 2024

As if losing the presidential election in resounding fashion was not enough bad news for Vice President Kamala Harris, it now appears that she is facing yet another humiliation related to her ill-fated campaign.

According to Politico's California bureau chief, the Harris campaign has ended its White House bid in debt to the tune of $20 million, despite having raised upwards of $1 billion along the way, as the Economic Times reports.

Reversal of fortune

As Newsweek noted, claims about the Harris campaign's financial woes emerged from Christopher Cadelago of Politico, who took to X to declare that there is “at least $20 million in debt” hanging over the failed nominee in the wake of the election.

The development is staggering, considering that Cadelago also noted that the campaign still had “$118 million in the bank” as of Oct. 16.

Observers both inside and outside the Democratic Party have been jarred by the revelation, particularly in light of the fact that a staggering $1 billion had reportedly been raised in support of Harris' effort to defeat Donald Trump.

“Explosive” situation emerges

In the wake of the election, as rumblings of the Harris' campaign's financial troubles began to swirl, Breitbart's Matthew Boyle took to X to inform his followers of what he was hearing.

“Ok so this just got very explosive. A Kamala campaign staffer...called me just now and said there is a massive scandal here worthy of an audit,” Boyle began.

He continued, “The $20 million debt thing is real. Rob Flaherty, this staffer said, is currently shopping around the Kamala fundraising email list to anyone who wants it to try to raise the money back.”

Boyle then explained that insiders were pointing to campaign manager Jen O' Malley Dillon's decision to prioritize expensive celebrity appearances and performances over more conventional strategies, resulting in the snowballing debt.

“Jen blew through a billion dollars in a few months, and it was all Jen's idea to do all the concerts,” a Harris campaign adviser reportedly told Boyle.

Trump wades in

With a Harris staffer telling Boyle that numerous people who worked for the campaign are still awaiting overdue payments, the seemingly dire nature of the situation prompted a public statement from none other than President-elect Donald Trump, as the New York Post reported.

In what has been described as an act of masterful trolling, Trump took to X to express shock at his rival campaign's financial mismanagement, saying, “I am very surprised that the Democrats, who fought a hard and valiant fight in the 2020 [sic] Presidential Election, raising a record amount of money, didn't have lots of $'s left over.”

“Now they are being squeezed by vendors and others. Whatever we can do to help them during this difficult period, I would strongly recommend we, as a Party and for the sake of desperately needed UNITY, do,” Trump continued.

Taking a final jab at Harris' approach to her campaign, Trump said, “We have a lot of money left over in that our biggest asset in the campaign was 'Earned Media,' and that doesn't cost very much,” highlighting the crashing failure of Harris' approach to the press as she sought to derail his return to the White House.

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