Following the 2024 U.S. presidential election, Kamala Harris concluded her $1.5 billion campaign with $20 million in unpaid bills. The Democratic National Committee (DNC) secretly agreed to cover this debt, including a recent $15 million payment to settle remaining campaign expenses. Despite ongoing fundraising efforts by Harris for the DNC, the organization continues to manage her outstanding campaign debts, which has contributed to a financial strain within the party. As of late July 2025, the DNC's cash on hand was approximately $15 million, significantly lower than the Republican National Committee's $80 million. Meanwhile, former President Donald Trump has reported record fundraising success for the Republican Party and expressed confidence that Republicans are poised for a substantial victory in the upcoming midterm elections, even suggesting the possibility of a national GOP convention before the vote.