The Smartest Investors Club
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Smartest Investors Club

Politics

First on Fox: Top outside group backing House Republicans sets fundraising record

by October 8, 2024
October 8, 2024
First on Fox: Top outside group backing House Republicans sets fundraising record

The leading outside group that supports House Republicans is reporting its highest fundraising quarter ever.

The Congressional Leadership Fund (CLF), which is closely aligned with House Speaker Mike Johnson, is announcing that it hauled in $81.4 million during the July-September third quarter of 2024 fundraising. 

With four weeks left until Election Day in November and the GOP aiming to hold onto and expand its fragile House majority, the CLF is also announcing that it is dishing out another $11 million in new ad reservations. Word of both developments was shared first on Tuesday with Fox News.

‘We continue to raise at levels that will allow us to be incredibly impactful this cycle. We’re invested deeply and continuing to add more strategically in the must-win races that will determine the Majority,’ CLF President Dan Conston said in a statement.

The money raised over the past three months by the CLF tops its previous record of $77.4 million in the third quarter of 2020. The group said it is on track with what it raked in during the 2022 midterms, when Republicans flipped the House, and are out-pacing what they raised at this point in 2020, the last presidential cycle.

The CLF also highlighted that it had $152.8 million cash on hand as of the end of September and touted that it slightly outpaced its Democratic rival in total money raised so far this election cycle.

House Majority PAC, the main super PAC supporting House Democrats, announced last week that it and its aligned non-profit organization hauled in $69 million in September, part of a $150 million third quarter. However, according to a report, the House Majority PAC alone brought in roughly $100 million in fundraising during the past three months.

After then-House Speaker Kevin McCarthy – who was long known for his fundraising prowess – was ousted a year ago in a very messy intra-party battle, expectations for a strong fundraising cycle for House Republicans were lowered. However, the CLF’s fundraising appears to have defied those low expectations.

The group said Johnson had done well with fundraising and picked up where McCarthy left off. CLF officials also said that they are continuing to haul in ‘big money’ in the week since the end of the third quarter.

The CLF said the new ad reservations – with the money being spent on top GOP offensive and defensive House races – brings the group’s total reservations this cycle to $190 million. They note that they will likely add more spending ahead of Election Day.

The group is directing some of the new spending to beef up existing ad buys in three Democrat-held districts the GOP’s aiming to flip: Colorado’s 8th Congressional District, New Mexico’s 2nd Congressional District and Maine’s 2nd Congressional District.

Additionally, the CLF says it will also use some of the new reservations to ‘lay down aircover to combat Democrats’ spending’ in districts where it’s playing defense, including New York 19, Wisconsin 03, and Arizona 06.

The GOP currently controls the 435-member House by a narrow 220-212 majority. Two Democrat-held and one Republican-held seats are vacant.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Why Rema decided 2024 was the year to rep his city
next post
NorthStar Gaming Unveils Sports Insights 2.0

You may also like

Iowa witness held in missing American student case...

With Trump-Harris debate over and Election Day looming,...

Is the Biden administration preparing for the wrong...

Biden on ice cream outing with Seth Meyers...

Trump threats boosted Canada’s Carney, hurt Conservatives as...

New York Dem backtracks after calling for Trump...

Senate DOGE Republican pushes bill to bring government...

3 steps toward a winning pro-life strategy

Sullivan rips reporter’s question on Biden swearing as...

House Republicans push Biden to take cognitive test...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Department of Justice opens criminal investigation into NY AG Letitia James

    • Brunswick Exploration Announces Brokered Private Placement for Gross Proceeds of up to C$2.5 Million, with a Lead Order from a Strategic Investor

    • Drill Contract Awarded for Elizabeth Hill. Technical Visit Completed to Define Drill Targets

    • $2.6M Placement and SPP to fast-track China entry and sales

    • Trump’s first vice president urges his old boss against raising taxes on wealthy Americans

    Categories

    • Business (1,633)
    • Investing (4,789)
    • Politics (7,535)
    • World (6,124)
    • Terms & Conditions
    • Privacy Policy
    • About us

    Disclaimer: thesmartestinvestorsclub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 thesmartestinvestorsclub.com | All Rights Reserved


    Back To Top