President Donald Trump has continued to raise money at a blistering pace, even in the midst of the impeachment trial which concluded in January.
He is now supremely positioned to challenge any candidate that emerges out of the Democratic Primaries. As the 2020 election season kicks off, he is outpacing previous incumbents in fundraising, while many of the candidates vying for the Democratic Party’s presidential nomination are running out of cash.
Trump and the Republican National Committee reported raising a combined $33.6 million in January, according to the Federal Election Commission. The Republican National Committee joined forces with the Trump-Pence reelection committees, to raise a combined $60.5 million jackpot in January. Trump raised $6.4 million and the RNC took in $27.2 million.
Trump’s re-election effort ended January with more than $200 million in the bank, the RNC and the campaign announced. Receipts for the 2019-2020 cycle across all entities are $525.5 million.
The RNC hauled in nearly twice as much as the Democratic Party which only raised $15 million. Party chief Ronna McDaniel was pleased with the record fundraising in January.
She said, “Record breaking support for this president and his policies continues to grow as we head full-force into this presidential election year. Across the country, Americans are choosing President Trump’s record of results over Democrats’ divided field of contenders with no vision for the country, and they are ready for four more years of the great American comeback he has started.”
The president’s reelection campaign and the RNC expect to direct $10 million into a legal campaign to challenge Democratic voting-related lawsuits and build a massive army of volunteers for Election Day.
The organization plans to train and deploy thousands of lawyers and tens of thousands of volunteers in battleground states for early voting, Election Day and any potential recounts. They also pledge to spend millions of dollars in an effort to make sure that the general election is run fairly across the country and votes are accurately and legally tallied.
Trump campaign manager Brad Parscale said in a statement, “President Trump’s campaign and the RNC continue to be fundraising juggernauts. Thanks to President Trump’s record of success more Americans are showing their support than ever before. Every dollar brought in fuels our revolutionary ground operation to reach voters and volunteers, and win again in November.”
Some Democratic Party primary challengers announced their January fundraising totals. Independent Vermont Senator Bernie Sanders had nearly $17 million in the bank, according to campaign finance disclosures filed Thursday night.
Massachusetts Senator Elizabeth Warren raised $10.4 million, held just $2.2 million in reserve and took out a $400,000 line of credit. Her campaign said she has since raised $17 million so far in February.
Former Vice President Joe Biden raised $8.8 million in January and had $7.1 million in the bank while Minnesota Sen. Amy Klobuchar was in bad shape with only $2.8 million on hand.
Pete Buttigieg, the former mayor of South Bend, Indiana, reported raising a pathetic $6 million in January. He had just $6.6 million cash on hand after spending $14.1 million. His campaign says he has since raised another $11 million.
Billonaire outsider former mayor Mike Bloomberg is expected to continue pouring unlimited amounts of his personal wealth into the race.