Democrats say new cash-on-hand record set

The Democratic National Committee (DNC) is reporting $20 million cash on hand, the most it’s ever had heading into an election year. 

The DNC brought in $12.3 million in November, according to filings with the Federal Election Commission (FEC), including direct fundraising to the committee and transfers of funds from its joint fundraising and affiliated committees. 

At the same time, the Republican National Committee (RNC) reported around $8 million for November, and just under $10 million cash on hand at the close of the month, according to the FEC receipts. 

“The RNC only has itself to blame for marking its lowest contributions of any presidential cycle this century, setting themselves up for another painful election year thirsty for cash while the DNC builds a record-setting war chest to elect Democrats up and down the ballot,” DNC national press secretary Sarafina Chitika said in a statement. 

“While the GOP lights money on fire fighting among themselves, Democrats are unified and making the early investments we need to send President Biden and Vice President Harris back to the White House in 2024,” Chitika said.  

But RNC spokesperson Anna Kelly told The Hill in an email that Democrats are the ones “lighting money on fire with tone-deaf ads that are failing to cover for Biden’s record of failure or boost his abysmal approval ratings.”

“By the time they decide to actually talk to voters, it will be too little, too late,” Kelly said. 

She also noted the RNC is “investing early to staff up in House, Senate, and presidential battlegrounds, file over 70 election integrity lawsuits in 20 states, and open minority community centers across the country.”

Democrats have seen an early fundraising edge in several key 2024 races in recent months.

The DNC nearly doubled the RNC’s filings in October, with $13.1 million to the Republicans’ $7.1 million. In September, the DNC raised $13.3 million and the RNC raised $6.3 million. 

Politico Playbook first reported the new DNC fundraising numbers.

Updated: 12:43 p.m.