President Donald Trump’s campaign and the Republican National Committee (RNC) raised $60.6 million in January when he was facing an impeachment trial in the Senate. But Democratic rivals raised less cash than the president in the first month of election year.
Reuters, citing the Trump campaign, reported that the president and his Republican Party now have more than $200 million in cash on hand.
“The Democrats’ shameful impeachment hoax and dumpster fire primary process have only contributed” to the “record-breaking financial support” for President Trump’s re-election, Campaign Manager Brad Parscale said in a statement.
“With President Trump’s accomplishments, our massive data and ground operations and our strong fundraising numbers,” Parscale said, adding, “This campaign is going to be unstoppable in 2020.”
President Trump had brought in such a large amount of money despite the impeachment process that threatened his presidency. The Democratic-led House impeached the president on Dec. 18, 2019, but waited until mid-January to send the articles of impeachment to the Senate trial. He got acquittal by the Republican-led Senate on Feb. 5.
In a comparison to the current top Democratic presidential candidates, Sen. Bernie Sanders (I-Vt.) raised $25 million in January, the best single month in his campaign.
According to data from the website Open Secrets, the Trump campaign committee and outside groups raised $232.09 million as of Feb. 3, more than twice the amount of nearly $108 million for the Sanders campaign.
The campaign of former Vice President Joe Biden had only $59.55 million in January.
Two Democratic billionaires, Michael Bloomberg and Tom Steyer, are the possible challengers to President Trump in terms of cash as they are putting their own funds into their runs. Steyer’s campaign committee has $205.38 million, and Bloomberg’s committee has $200.36 million, with both having no outside funds.