Left Menu
Development News Edition

Trump re-election campaign raises $46 mln in fourth quarter


Trump re-election campaign raises $46 mln in fourth quarter
US President Donald Trump (File photo) Image Credit: ANI

President Donald Trump's re-election campaign raised $46 million in the fourth quarter of 2019, a major haul that was boosted by a surge of donations in the wake of the Democrats' impeachment bid, a senior campaign official said on Thursday.

The sum gives Trump a fundraising edge over a host of Democrats battling for their party's nomination, with the first contest to be held in Iowa in little more than a month. The Democratic nominee will face Trump in the November election. The Trump campaign begins the 2020 re-election year with cash on hand of $102.7 million, the official told Reuters, an amount that will help his bid to compete in more states beyond those that carried him to his improbable victory in 2016.

Speaking on the condition of anonymity, the official said the campaign felt that Trump's strong fundraising was a direct result of his decision to keep his campaign apparatus alive after taking office in January 2017. He filed for re-election shortly after assuming office, allowing the campaign to keep functioning, a break from the tradition of winding it down after the election.

The $46 million for the fourth quarter was the amount raised only by the Trump re-election campaign. Trump and Vice President Mike Pence typically headline fundraising events that benefit both the campaign and the Republican National Committee. The amount raised by the RNC for the fourth quarter of 2019 is expected to be released soon.

In the third quarter, Trump and the RNC had together raised $125 million. Trump's re-election campaign raised a total of $143 million in all of 2019 and banked $83.4 million of it. It had begun the year with $19.3 million cash on hand.

The $102.7 million in cash on hand exceeds the $81.8 million the campaign of Democratic President Barack Obama had when he began his re-election year at the end of 2011, the official said. Democratic presidential candidates have also begun releasing fundraising numbers for the fourth quarter, with Pete Buttigieg's campaign announcing on Wednesday that it had raised $24.7 million in the final three months of 2019.

The $46 million raised represented the best fundraising quarter for the Trump campaign in the 2020 cycle. Trump, a polarizing president popular among Republicans but vilified by Democrats, saw a surge of donations during the effort to oust him through impeachment in the Democratic-controlled House of Representatives.

Trump's strong quarter "is testament to his wide grassroots support and his stellar record of achievement on behalf of the American people," his campaign manager, Brad Parscale, said in a statement. "Democrats and the media have been in a sham impeachment frenzy and the president's campaign only got bigger and stronger with our best fundraising quarter this cycle," he added.

"The president's war chest and grassroots army make his re-election campaign an unstoppable juggernaut."

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION/BLOG/INTERVIEW

Conspiracy theories on COVID 19: Legislators, Scientists, and Journalists all joined the Caravan

Conspiracy theories are not new for virus epidemics. There have been conspiracy theories on HIV-AIDS, Polio Vaccines, Ebola Virus, and several other diseases as well. However, what makes the 2019 Novel Coronavirus different from others is ...

Top 10 Fake News, Myths and Realities on 2019 Novel Coronavirus COVID 19

With nearly 1500 deaths by January 14 and around 65,000 infections in China, the Novel Coronavirus 2019 has become one of the worst health epidemics of the 21st Century. However, 8,573 people have been cured but the rumor mongers are a...

Handling fake news Infodemic in time of Coronavirus epidemic

Social media has provided a platform where everybody can disseminate his her views without any supervision. Its excellent if the message is genuine but misinformation is equally disastrous. Health is such a topic where every Tom and Harry c...

Sentiment Analysis on Budget 2020: Long shot for solution to economic worries?

Industries and individuals alike had high expectations from the government to take tangible steps but the budget 2020 seems to have failed expectations....

Videos

Latest News

Reuters US Domestic News Summary

Following is a summary of current US domestic news briefs. California rejects Trump effort to cut off federal funds over abortionCalifornia on Friday fought back against a Trump administration threat to withhold federal funds for some healt...

First Italian patient dies of coronavirus

A patient in the northern city of Padua has died after being infected with the Coronavirus, becoming the first Italian victim of the disease, Ansa news agency reported on Friday. Health authorities announced earlier on Friday 15 cases of th...

UPDATE 6-First Italian dies of coronavirus as outbreak flares in north

An elderly man in the northern city of Padua has died after being infected with the coronavirus, becoming the first Italian victim of the disease, Health Minister Roberto Speranza said on Friday. Health authorities announced earlier in the ...

Niger military operation kills 120 'terrorists': official

A joint operation by Nigerien and French troops in southwest Niger killed 120 terrorists and seized bomb-making equipment and vehicles, the countrys defense ministry said Friday.As of February 20 120 terrorists have been neutralized in the ...

Give Feedback