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RNC Struggles with Fundraising as Election Year Approaches

House Speaker Mike Johnson's Fundraising Prowess Falls Short of Predecessor's, as DNC Reports Record Cash on Hand

  • Republican National Committee (RNC) is struggling with fundraising, having just under $10 million in available cash as of November 2023, nearly half of the $21 million they had in cash in November 2016.
  • House Speaker Mike Johnson, who took over from Kevin McCarthy, has not been as successful in fundraising, with concerns about his influence as a fundraising figure for the party.
  • McCarthy was directly responsible for at least 10 percent of the money, which 21 of the 24 most vulnerable House Republicans seeking re-election raised in the first nine months of 2023.
  • Democratic National Committee reported it had $20 million cash on hand by the end of November, the highest-ever figure heading into an election year.
  • Some donors are less than thrilled with yet another Trump nomination, particularly with the significant potential of heading into the general election with a convicted felon at the top of the ticket.
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