August 15, 2024

NEW YORK — Vice President Kamala Harris was able to bring Wall Street donors off the sidelines on the strength of her vibes. Now she has to keep them interested.

Enthusiasm surged in the weeks since Harris took over from President Joe Biden, who was hemorrhaging support with high-dollar donors. It took less than a month for Harris to smash former President Donald Trump’s cash advantage. And she did it without offering many details on her economic policy vision. Business leaders, from Lazard President Ray McGuire to Blackstone Group President Jonathan Gray, lined up behind her as she erased Trump’s lead in the polls.

Trump has powerful allies on Wall Street. His pledges to reduce taxes and slash regulations helped revive his relationships with GOP megadonors who had repudiated him after he attempted to overturn the 2020 election.

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