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Americans donated $46.7 million for Harris's campaign - AP

Americans donated $46.7 million for Harris's campaign - AP US Vice President Kamala Harris (photo: Getty Images)

Following President Joe Biden's announcement that he would not participate in the election race, Americans have raised $46.7 million for Vice President Kamala Harris's campaign, according to Associated Press.

The online fundraising platform ActBlue, which supports the Democratic Party, announced that as of 9:00 PM Eastern Time, it had collected $46.7 million in small donations for Kamala Harris’s campaign.

Previously, the platform reported raising $27.5 million within five hours of the news about Biden.

The Associated Press notes that in June, Biden's campaign and related groups had approximately $96 million in their account. In contrast, the Republican National Committee reported a campaign fund of $102 million.

According to Reuters, in June, Biden’s main campaign account received $64 million, of which $59 million was spent mainly on campaign advertising. By the end of the month, $95 million remained in the account.

Meanwhile, presidential candidate Donald Trump raised $21 million in June, spending around $10 million. By the end of the month, his account held $128 million.

What happened

On Sunday, July 21, US President Joe Biden announced that he would not seek re-election for a second term. He made this announcement by posting a letter on the social media platform X (formerly Twitter). He also stated that he is endorsing Vice President Kamala Harris as his successor for the US presidency.

Following the news of Biden's decision, some Republicans called for his resignation from the presidency. The White House response was swift. In a statement to CNN, US administration representative Andrew Bates confirmed that Biden would not be stepping down from the presidency before the end of his term.