by Hanna Bogorowski
The Republican National Committee (RNC) raised a record-breaking $14.2 million in July, the most the organization has ever raised for that month in a non-presidential year, bringing its cycle total to $227.2 million.
The RNC reports having $41.9 million cash on-hand and zero dollars in debt.
“We’ve used our unprecedented grassroots support to build the biggest field program we’ve ever had to defend our House and Senate majorities,” RNC Chairwoman Ronna McDaniel said in a press release to CBS News.
“History might be against us, but we’re making sure every voter knows we’re the party of results. All the Democrats have is resistance,” she added.
Not only is the fundraising haul substantial in itself, but the press release also notes it raised record-breaking funds despite transferring $4 million to the National Republican Senatorial Committee (NRSC) and another $4 million to the National Republican Congressional Committee (NRCC) in July for GOP candidates.
According to its last filing with the Federal Election Commission (FEC) at the end of June, the RNC also had a 5-to-1 cash on-hand advantage compared to the Democratic National Committee (DNC).
Accounting for the DNC’s $6.3 million in debt, the RNC would have close to a 20-to-1 cash on-hand advantage.
The DNC has not yet released its July numbers, but as of the end of June, it had raised $109.3 million for this cycle.
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