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Political parties

Republicans Take Lead in Cash on Hand for First Time This Cycle

Strategic Insights

— 1 min read

The National Republican Senatorial Committee has taken the lead in cash on hand, reporting $18.1 million in the bank after raising $64.1 million for the cycle, while the Democratic Senatorial Campaign Committee had $17.6 million in cash reserves despite raising $5 million in May. This shift in financial advantage is attributed to the DSCC's heavy spending in May, which totaled $4.6 million.

Key Takeaways:

  • The NRSC raised $3.6 million in May and spent $2.5 million, resulting in a net gain of $1.1 million.
  • The DSCC raised $5 million in May but spent $4.6 million, resulting in a net gain of $400,000.
  • The NRSC has maintained a strong fundraising effort, raising $64.1 million for the cycle, while the DSCC has raised $55.1 million.
  • The Democratic Congressional Campaign Committee still maintains a significant lead in cash on hand, with $28.6 million, but the National Republican Congressional Committee outraised it in May, bringing in approximately $5.4 million.
  • The RNC sent $627,000 in cash and equipment to various state parties in May, about a third of the $1.86 million the GOP has provided to states this year.
  • The RNC raised a total of $6.46 million last month and ended the month with $12.58 million in the bank and $760,000 in debt, which has since been paid off.
  • Democrats owe $3 million to polling and direct-mail firms.

Statistics:

  • The NRSC raised $3.6 million in May and spent $2.5 million.
  • The DSCC raised $5 million in May and spent $4.6 million.
  • The NRSC has $18.1 million in cash reserves.
  • The DSCC has $17.6 million in cash reserves.
  • The RNC sent $627,000 in cash and equipment to various state parties in May.
  • The RNC raised $6.46 million in May.
  • The RNC has $12.58 million in the bank.
  • Democrats owe $3 million to polling and direct-mail firms.

Sources:

  • The Hill, "Republicans take lead in cash on hand for first time this cycle", reported by Reid Wilson, The Hotline
  • FEC filings, released today
  • Congressional Quarterly, "Campaign Finance and Elections", accessed June [no date provided]

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