Trump re-election campaign raises $46 million in fourth quarter
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[January 02, 2020]
By Steve Holland
WASHINGTON (Reuters) - 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 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.
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President Donald Trump arrives at the Mar-a-Lago resort in Palm
Beach, Florida, U.S. December 31, 2019. REUTERS/Tom Brenner
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."
(Reporting by Steve Holland; Editing by Clarence Fernandez)
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