Trump Pulls In $46 Million In Fourth Fundraising Quarter

BATTLE CREEK, MICHIGAN - DECEMBER 18: President Donald Trump leaves his Merry Christmas Rally at the Kellogg Arena on December 18, 2019 in Battle Creek, Michigan. While Trump spoke at the rally the House of Represent... BATTLE CREEK, MICHIGAN - DECEMBER 18: President Donald Trump leaves his Merry Christmas Rally at the Kellogg Arena on December 18, 2019 in Battle Creek, Michigan. While Trump spoke at the rally the House of Representatives voted, mostly along party lines, to impeach the president for abuse of power and obstruction of Congress, making him just the third president in U.S. history to be impeached. (Photo by Scott Olson/Getty Images) MORE LESS
|
January 2, 2020 10:05 a.m.

President Donald Trump’s reelection campaign raised $46 million in the fourth fundraising quarter, giving him $102.7 million in cash on hand heading into 2020, according to campaign officials.

Trump campaign officials also told Reuters that the President’s current cash on hand tops where President Barack Obama was at this point in his presidency, when he had $81.8 million to spend at the end of 2011.

According to the Daily Beast, Trump’s number surpasses each Democrat’s fourth quarter haul, though Sen. Bernie Sanders (I-VT) comes closest with $34.5 million.

That being said, Trump’s current financial dominance is hardly surprising. Unlike the Democrats, he is the Republicans’ sole serious candidate — the Democrats are currently splitting the available donor pool multiple ways. Trump also broke with common practice in keeping his campaign machinery going as he filed for reelection right after he won in 2016, allowing him to keep steadily fundraising throughout his presidency.

Latest News
Comments are now Members-Only

Non-members are still able to read comments, but will no longer be able to participate. To join the conversation, sign up now and get:

30% Off Annual Prime Membership

TPM strives to build as inclusive a community as financially possible. We offer FREE memberships to those experiencing financial hardship and FREE memberships for students.

View all options
Comments
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Associate Editor:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: