Democrats have ‘biggest fundraising day’ of campaign as Biden quits race and Harris vows to beat Trump: Live

Democratic donors are already returning in their droves after President Joe Biden announced that he was dropping out of the 2024 presidential race and endorsing Vice President Kamala Harris to replace him on the top of the party ticket.

Liberal political action committee ActBlue announced that as of 9pm ET, just over seven hours since Biden announced he was stepping aside, it had raised a staggering $46.7m: “This has been the biggest fundraising day of the 2024 cycle.”

The resurgence in donations comes after several of the party’s top donors had pulled funding in recent weeks as they, together with Democratic lawmakers, called on Biden to quit the race.

On Sunday, Biden finally complied, sharing a letter to the American people saying that “while it has been my intention to seek reelection, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President for the remainder of my term.”

The president then endorsed Harris, who said in a statement that she plans to “earn and win” the Democratic nomination and vowed to do “everything in my power” to beat Donald Trump.