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March 28, 2024
Democratic committees are out fundraising GOP committees this election cycle
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With the White House and Congress at stake, the Republican national party is lagging behind Democrats in fundraising efforts ahead of the contentious and expensive 2024 election.
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School Choice group spends millions to oust recalcitrant Republicans
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The American Federation for Children’s national super PAC supporting school choice spent about $4 million on Texas elections through Feb. 25.
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Chart of the Week
Dive deeper into the data behind the headlines
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Earlier this year, OpenSecrets reported that the RNC entered 2024 with $8 million in cash-on-hand — the worst start to an election year in almost a decade — while the DNC started the year with more than $21 million. Similarly, the Democratic Congressional and Senatorial campaign committees entered 2024 with significantly more cash than their Republican counterparts, reversing a fundraising trend over the last several election cycles in which the GOP enjoyed a fundraising advantage
Republicans’ financial woes follows GOP infighting at the RNC, which culminated in a triumvirate of former President Donald Trump loyalists taking over the organization. Last month, the RNC elected Trump-backed Michael Whatley to replace Ronna McDaniel as chair and the ex-president's daughter-in-law Lara Trump to be co-chair. Trump’s senior campaign advisor Chris LaCivita was also chosen to be the organization’s chief operating officer.
Trump’s new joint fundraising agreement with the Republican National Committee directs donations to his campaign and a political action committee that pays the former president’s legal bills before the RNC gets a cut, according to a fundraising invitation obtained by The Associated Press.
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OpenSecrets in the News
See our media citations from outlets around the nation this week:
A.I. Leaders Press Advantage With Congress as China Tensions Rise (The New York Times) [[link removed]]
After the rise over the past year of generative A.I., lobbying on the topic has exploded. Last year, more than 450 companies, nonprofits, universities and trade groups reported lobbying on A.I., more than double the number of organizations in the previous year, according to OpenSecrets, a nonprofit research group
Behind Trump’s campaign cash crunch: Small-dollar donor fatigue, major donor hesitation (CNBC) [[link removed].]
In January of this year, Trump’s campaign reported raising around $3 million from small-dollar donors, according to data from OpenSecrets. This may sound like a lot of money, but consider that Biden’s political operation raised nearly $2 million in just one day, Feb. 29, according to a campaign spokesman for the president .
Emails show how a right-wing group steers GOP leaders on major policy issues (CNN) [[link removed]] [[link removed]] [[link removed]] [[link removed]] [[link removed]]
It’s the type of influence peddling that has become part of a well-worn playbook for dark money organizations with deep pockets, said Sarah Bryner, research director at the nonpartisan campaign finance group OpenSecrets. “Strategically, it’s a lot easier … to engage your policy plan this way because you don’t need to try and get real people to sign on,” said Bryner. “You just need a few well-funded people. And is that problematic for democracy? Absolutely.”
Lobbyists Keep Trying to Make ‘Crypto Voters’ Happen (Bloomberg) [[link removed]]
Boeing under microscope in Washington after high-profile accidents (The Hill) [[link removed]]
RFK Jr. and the ballot access wars (Politico) [[link removed]]
Inside Biden's monster cash advantage over Trump (Axios) [[link removed]]
Pharma-Backed Democrats Are Fighting to Keep Drugs Expensive (Jacobin) [[link removed]]
High stakes: Inside the multimillion-dollar battle for gambling rights in California (Cal Matters) [[link removed]]
How Two Top Car Salesmen Pitch EVs, One in Trump Country and One on Biden’s Turf (Inside Climate News) [[link removed]]
'Dark money' floods 2024 elections (Public News Service) [[link removed]]
Crimes of Passion (The Wire China) [[link removed]]
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