Overview
- Year-end FEC reports show the RNC raised about $172 million in 2025 and ended with roughly $95 million cash, while the DNC raised about $146 million, finished with about $14 million on hand, and carried roughly $17 million in debt linked in reporting to 2024 campaign costs.
- House and Senate arms were tighter: the NRCC reported about $117 million for 2025 versus the DCCC’s $115 million with both near $50 million cash, while the NRSC raised $88 million and the DSCC $79.8 million, with Democrats holding slightly more cash on hand in the Senate committees.
- Trump’s political network and the RNC collectively reported about $483 million through December, with MAGA Inc alone taking in more than $300 million and already spending in at least one special election in Tennessee.
- Despite the GOP financial edge, Democrat Taylor Rehmet flipped Texas State Senate District 9 after raising far less than the Trump-endorsed Republican, and recent handicapping and polling point to competitive terrain for Democrats.
- Republican leaders tout a sizable war chest as a strength, while reporting highlights open questions about how and when Trump-aligned groups will deploy funds and notes a possible Supreme Court ruling on coordination that could reshape spending before summer.