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After President Joe Biden stepped aside as the Democratic nominee last summer, the party felt an enormous jolt of energy as Vice President Kamala Harris embarked on a 107-day presidential campaign against Donald Trump.
Throughout her campaign, Harris raised more than $1 billion, a stunning figure that mirrored the quick rise of her campaign.
But Trump, now the president-elect, defeated Harris in the general election, with the vice president coming up short in the swing states.
New federal filings show that the Harris campaign had $1.8 million remaining in the bank after spending over $1 billion against Trump in the presidential race.
In the filings, the Harris campaign also reported that it had no debts.
The filings reveal the pace of spending for the Harris campaign, which began with heightened enthusiasm from Democrats and major donors who had grown despondent over Biden's chances after a disastrous debate against Trump raised questions about his ability to mount a robust reelection campaign.
From October 17 through November 25, which included some of the most frenzied stretches of the campaign through the postelection period, Harris raised $160 million and spent over $270 million. The Trump campaign raked in nearly $87 million during that same period and spent $113 million, the president-elect's campaign filings indicated.
Harris held large rallies in swing states like Georgia and Pennsylvania throughout her campaign, especially in the immediate weeks leading up to the election. And despite the vice president's financial advantage over Trump, she had to boost her profile to an electorate that had long expected Biden to be the nominee and was uncertain about her positions on various issues — from tackling inflation to her approach to foreign policy.
The new FEC report also seemingly puts to rest any talk that the Harris campaign is heavily in debt, a notion that the campaign rejected last month when it told The New York Times that "there will be no debt" on the filings.
But in the weeks since the general election, Democrats have still received fundraising appeals from the Harris operation. The "Harris Fight Fund" is the postelection operation of the general election "Harris Victory Fund" and is touted as a way to help provide accountability for the Trump administration.
The Democratic National Committee's newest filings revealed that it had over $47 million in cash on hand, while its rival, the Republican National Committee, had nearly $43 million in the bank.
Business Insider reached out to the Harris campaign for comment.
