Donors have not cut as many large checks to the RNC in recent years, and the party’s small-dollar program has also suffered
The Republican Party’s finances are increasingly worrisome to party members, advisers to former president Donald Trump, and other operatives involved in the 2024 election effort, according to 10 people familiar with the matter.
The Republican National Committee disclosed that it had $9.1 million in cash on hand as of Oct. 30, the lowest amount for the RNC in any Federal Election Commission report since February 2015. That compares with about $20 million at the same point in the 2016 election cycle and about $61 million four years ago, when Trump was in the White House.
The Democratic National Committee reported having $17.7 million as of Oct. 30, almost twice as much as the Republican Party, with one year before the election.
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The Republican National Committee disclosed that it had $9.1 million in cash on hand as of Oct. 30, the lowest amount for the RNC in any Federal Election Commission report since February 2015.
In an interview, RNC Chairwoman Ronna McDaniel said that donors are currently more focused on giving to individual candidates during the presidential primary and that the party’s fortunes will improve once there’s a nominee.
Still, the RNC’s dwindling cash position — combined with Republican losses in this month’s off-year elections, frustrations over the 2022 midterms and grousing over the chaotic presidential primary debates — has caused renewed questions about the committee’s effectiveness and McDaniel’s leadership.
Republican frustrations burst into the open this month after GOP losses in races for the Virginia legislature, the Kentucky governorship, the Pennsylvania Supreme Court, and on an Ohio ballot initiative on abortion rights.
Other state party officials have grown frustrated when they’ve asked the RNC for money to pay legal bills and been turned down, according to people familiar with the discussions.
“Republicans have the infinite capacity to eat our own and participate in circular firing squads as opposed to attacking the real culprits for America’s decline,” said Steve Hantler, an adviser to megadonor Bernie Marcus, who supported McDaniel’s opponent in January’s election for party chair.
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