politics
Republican National Committee ends May with record cash on hand
The Republican National Committee raised $14.8 million in May and finished the month with $125.5 million in cash, the highest total ever recorded at the end of a month. The committee has set new cash-on-hand records in each of the last three monthly Federal Election Commission reports.
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The Republican National Committee raised $14.8 million in May and ended the month with $125.5 million on hand, according to figures first shared with the Washington Examiner. The total is the highest cash balance the committee has reported at the end of any month.
The committee also set new cash-on-hand records in its March and April reports. It finished March with $116.8 million and April with $123.9 million.
Fundraising comparison The Republican National Committee’s cash total exceeds the amount reported by its Democratic counterpart. The Democratic National Committee ended April with $14.4 million on hand and $17.4 million in debt.
Use of funds and legal context The Republican National Committee’s cash reserves will be available for the midterm elections. Several Democratic candidates in competitive Senate races have also built large fundraising totals. The Supreme Court has not yet ruled in a case that challenges limits on coordinated spending between party committees and candidates.
A decision allowing unlimited coordinated spending could affect how the committee allocates its funds. RNC Chairman Joe Gruters said Republicans have the candidates and resources needed to win the midterms but that the work is far from over.
