In 2020, Trump and Biden spent a record $5.7 billion on their campaigns, reflecting the enormous financial demands of seeking the presidency in the US.
Candidates like Kamala Harris and Donald Trump are raising staggering amounts for their campaigns, with Harris reportedly garnering $310 million in July alone.
Donors often aim to influence political outcomes; for example, Reid Hoffman's $7 million donation aligned with his dissatisfaction toward the Federal Trade Commission.
The significant backing from wealthy donors highlights how money influences US politics, as various billionaires openly support campaigns to favor their interests.
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