RNC Faces Historic Fundraising Challenges Ahead of 2024 Election

The Republican National Committee reports its worst fundraising year in three decades, raising concerns about its financial readiness for the upcoming presidential race.

The RNC ended 2023 with just over $8 million in cash on hand and $1.8 million in debt, marking its poorest fundraising performance since 1993.
Democratic National Committee outperformed the RNC, raising $120 million in 2023 and ending the year with $21 million in cash.
Internal criticism and concern grow within the GOP over the RNC's financial management and fundraising strategies.
Trump's campaign, despite the RNC's struggles, managed to raise $188 million last year, with $33 million in cash on hand.
GOP state parties in critical battlegrounds also face financial difficulties, adding to the challenges for the Republican Party in the 2024 election.