RNC and Trump traverse financial woes heading into critical 2024 election

The Republican National Committee and former President Donald Trump face significant challenges in financing a win in the 2024 elections.

The RNC’s final Federal Election Commission filing for 2023 revealed the committee ended the year raising $87.2 million, spending $93.5 million, accruing $1.8 million in debts, and having just $8 million in cash on hand, marking its worst fundraising haul since 2013. Adjusted for inflation, the RNC’s total is its poorest since 1993.

On the other hand, the Democratic National Committee raised $120 million in 2023, spent $129.5 million, had $319,355.42 in debts, and ended the year with $21 million available cash. The DNC was quick to tout its stronger fundraising and deeper war chest, with Rapid Response Director Alex Floyd calling the RNC’s filing a “financial disaster.”

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