Campaigns for U.S. President are incredibly expensive, and the 2024 race is no exception. The latest data from the Federal Election Commission (FEC) shows that President Joe Biden, potential Democratic nominee Kamala Harris, and former President Donald Trump have already raised around $781 million in campaign funds by the end of June 2024. This amount doesn’t even include the massive $100 million Harris raised in just one day after Biden dropped out of the race.

Money Power: Trump’s Super PACs and Harris’s Carey Committees

Let’s break down where this enormous money comes from:

Trump’s Super PACs: 

Trump’s campaign relies heavily on super PACs (Political Action Committees) that can raise and spend unlimited amounts of money. These super PACs are supposed to work independently, but in reality, they often support the candidate in a big way. For example, Make America Great Again Inc., a major super PAC supporting Trump, has spent nearly $100 million out of its $200 mi...