President Trump’s reelection campaign and the Republican National Committee raked in $60.6 million for their 2020 war chest in January as they prepare to take on Democrats.
Together, the two more than doubled the money earned by President Barack Obama and the Democratic National Committee in 2012, when the former president was at the same point in his first term as Trump is now, ahead of the November election. In 2012, Obama and the committee brought in $29 million, which is $31.6 million less than the Republicans.
The massive haul brought the Republicans’ cash-on-hand to more than $200 million. At the same point, Obama and the DNC had just $93.7 million cash on hand, along with $7.2 million in debt.
RNC Chairwoman Ronna McDaniel lauded the fundraising haul in a statement, saying, “The more Democrats smear President Trump, the more enthusiasm we see for him and his many accomplishments. We already have 500,000 volunteers trained and activated, and this record-breaking support is helping us grow our grassroots army even more.”