The Republican National Committee (RNC) has a fundraising problem.
Amid a range of heavy expenditures, as it gears up for the 2024 run at reclaiming the White House and Senate, RNC fundraising has significantly slumped, leaving the national party with less than $12 million at its disposal. According to The Daily Beast, the RNC had $80.5 million in the bank at the start of the 2022 midterm cycle, but that number has plummeted to $11.8 million — less than half of the Democratic National Committee's $25.4 million — so far this year. One anonymous RNC member told the outlet the committee was "raising record dollars when Donald Trump was president."
