House GOP campaign arm outraises Democrats in second quarter
The House GOP campaign arm brought in $32.3 million in the second quarter of the year, while the House Democratic campaign arm raised $29.1 million in the same period. In June alone, the NRCC raised $18.1 million and the DCCC brought in $12.7 million.
In 2025 so far, the NRCC has raised a total of $69 million, while the DCCC has raised $66 million.
However, the DCCC reported having $39.7 million in the bank, while the NRCC has $37.6 million cash-on-hand.
The NRCC's second quarter haul is a milestone for the committee, which is normally outraised by its Democratic counterpart. The last time the NRCC outraised the DCCC in the first six months and second quarter of an election cycle was 2021.
'While House Republicans build a historical war chest to grow the majority, House Democrats are broke, divided, and hijacked by socialists,' said Mike Marinella, spokesman at the NRCC. 'Donors are slamming the brakes because they know this party is pathetic, aimless, and has no chance of taking back the majority.'
In their own statement, the DCCC noted they have 'the better message, stronger candidates, and necessary resources' to win back the House next year.
'Republicans are running scared because they know they are poised to be rejected by the American people next year,' said DCCC Chair Suzan DelBene (D-Wash.). 'Their support for the Big, Ugly Law is going to cost them the House Majority. It fails to lower costs for everyday Americans and instead rips health care away from millions, threatens funding for rural hospitals, and will lead to higher energy bills – all to pay for tax breaks for the wealthiest few. It's no surprise that it's the least popular piece of legislation of the 21st century,'
The latest numbers from the House committees come as the Republican National Committee (RNC) reported raising $96.4 million during the first six months of the year, while the Democratic National Committee raked in $69.2 million in the same period. The RNC also holds a cash-on-hand advantage of $80.78 million to $15.22 million.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
27 minutes ago
- Yahoo
Man charged with killing a top Minnesota House Democrat is expected to plead not guilty
MINNEAPOLIS (AP) — The man charged with killing the top Democrat in the Minnesota House and her husband, and wounding a state senator and his wife, is expected to plead not guilty when he's arraigned in federal court on Thursday, his attorney said. Vance Boelter, 58, of Green Isle, Minnesota, was indicted July 15 on six counts of murder, stalking and firearms violations. The murder charges could carry the federal death penalty, though prosecutors say that decision is several months away. As they announced the indictment, prosecutors released a rambling handwritten letter they say Boelter wrote to FBI Director Kash Patel in which he confessed to the June 14 shootings of Melissa Hortman and her husband, Mark. However, the letter doesn't make clear why he targeted the Hortmans or Sen. John Hoffman and his wife, Yvette, who survived. Boelter's federal defender, Manny Atwal, said at the time that the weighty charges did not come as a surprise, but she has not commented on the substance of the allegations or any defense strategies. The hearing before U.S. Magistrate Judge Dulce Foster will also serve as a case management conference. She plans to issue a revised schedule with deadlines afterward, potentially including a trial date. Prosecutors have moved to designate the proceedings as a 'complex case' so that standard speedy trial requirements won't apply, saying both sides will need plenty of time to review the voluminous evidence. 'The investigation of this case arose out of the largest manhunt in Minnesota's history," they wrote. "Accordingly, the discovery to be produced by the government will include a substantial amount of investigative material and reports from more than a dozen different law enforcement agencies at the federal, state, and local levels.' They said the evidence will include potentially thousands of hours of video footage, tens of thousands of pages of responses to dozens of grand jury subpoenas, and data from numerous electronic devices seized during the investigation. Boelter's motivations remain murky. Friends have described him as an evangelical Christian with politically conservative views who had been struggling to find work. Authorities said Boelter made long lists of politicians in Minnesota and other states — all or mostly Democrats. In a series of cryptic notes to The New York Times through his jail's electronic messaging service, Boelter suggested his actions were partly rooted in the Christian commandment to love one's neighbor. 'Because I love my neighbors prior to June 14th I conducted a 2 year long undercover investigation,' he wrote. In messages published earlier by the New York Post, Boelter insisted the shootings had nothing to do with his opposition to abortion or his support for President Donald Trump, but he declined to elaborate. 'There is little evidence showing why he turned to political violence and extremism,' the acting U.S. attorney for Minnesota, Joe Thompson, told reporters last month. He also reiterated that prosecutors consider Hortman's killing a 'political assassination.' Prosecutors say Boelter was disguised as a police officer and driving a fake squad car early June 14 when he went to the Hoffmans' home in the Minneapolis suburb of Champlin. He shot the senator nine times, and his wife eight times, officials said. Boelter later went to the Hortmans' home in nearby Brooklyn Park and killed both of them, authorities said. Their dog was so gravely injured that he had to be euthanized. Boelter surrendered the next night.
Yahoo
27 minutes ago
- Yahoo
China's July exports top forecasts amid rush to meet Trump tariff deadline
(Corrects June export growth in paragraph 2 to 5.8% from 4.8%) BEIJING (Reuters) -China's exports beat forecasts in July, as manufacturers made the most of a fragile tariff truce between Beijing and Washington to ship goods ahead of a looming deadline later this month. Outbound shipments from the world's second-largest economy rose 7.2% year-on-year in July, customs data showed on Thursday, beating a forecast 5.4% increase in a Reuters poll and June's 5.8% growth. Imports grew 4.1%, following a 1.1% rise in June. Economists had predicted a 1.0% fall. China is facing an August 12 deadline to reach a durable tariff agreement with the U.S. administration, after Beijing and Washington reached framework agreements in May and June to reduce non-tariff barriers such as rare earth minerals and technology to avoid further escalating their trade war. Without a deal, global supply chains could face renewed turmoil from U.S. duties snapping back to triple-digit levels that would amount to a bilateral trade embargo. Trump said on Tuesday the U.S. was close to a trade deal with China and that he would meet his Chinese counterpart Xi Jinping before the end of the year if the world's two largest economies could come to an agreement. China's July trade surplus narrowed to $98.24 billion from $114.77 billion in June. Separate data from the U.S. Commerce Department's Bureau of Economic Analysis on Tuesday showed the U.S. trade gap with China shrank to its lowest in more than 21 years in June. Chinese government advisers are stepping up calls to make the household sector's contribution to broader economic growth a top priority at Beijing's upcoming five-year policy plan, as trade tensions and deflation threaten the outlook. And top leaders have vowed to step up regulation of aggressive price-cutting by Chinese companies that is pushing prices ever lower. But economists warn that reversing the current deflationary slump will be far more difficult than during the last round of supply-side reforms a decade ago, as the downturn now poses a broader threat to employment, which Chinese leaders have emphasised is a core component of social stability. Reaching an agreement with the United States — and with the European Union, which has accused China of producing and selling goods too cheaply — would give Chinese officials more room to advance their reform agenda. However, analysts expect little relief from Western trade pressures. Export growth is projected to slow sharply in the second half of the year, hurt by persistently high tariffs, President Trump's renewed crackdown on the rerouting of Chinese shipments and deteriorating relations with the EU.
Yahoo
27 minutes ago
- Yahoo
Trump's broad tariffs go into effect, just as economic pain is surfacing
WASHINGTON (AP) — President Donald Trump was set to officially begin levying higher import taxes on dozens of countries Thursday, just as the economic fallout of his monthslong tariff threats has begun to create visible damage for the U.S. economy. The White House said that starting just after midnight that goods from more than 60 countries and the European Union would face tariff rates of 10% or higher. Products from the European Union, Japan and South Korea will be taxed at 15%, while imports from Taiwan, Vietnam and Bangladesh will be taxed at 20%. For places such as the EU, Japan and South Korea, Trump also expects them to invest hundreds of billions of dollars in the U.S. 'I think the growth is going to be unprecedented,' Trump said Wednesday afternoon. He added that the U.S. was 'taking in hundreds of billions of dollars in tariffs,' but he couldn't provide a specific figure for revenues because 'we don't even know what the final number is' regarding tariff rates. Despite the uncertainty, the Trump White House is confident that the onset of his broad tariffs will provide clarity about the path of the world's largest economy. Now that companies understand the direction the U.S. is headed, the administration believes they can ramp up new investments and jump-start hiring in ways that can rebalance the U.S. economy as a manufacturing power. But so far, there are signs of self-inflicted wounds to America as companies and consumers alike brace for the impact of new taxes. What the data has shown is a U.S. economy that changed in April with Trump's initial rollout of tariffs, an event that led to market drama, a negotiating period and Trump's ultimate decision to start his universal tariffs on Thursday. After April, economic reports show that hiring began to stall, inflationary pressures crept upward and home values in key markets started to decline, said John Silvia, CEO of Dynamic Economic Strategy. 'A less productive economy requires fewer workers,' Silvia said in an analysis note. 'But there is more, the higher tariff prices lower workers' real wages. The economy has become less productive, and firms cannot pay the same real wages as before. Actions have consequences.' Even then, the ultimate transformations of the tariffs are unknown and could play out over months, if not years. Many economists say the risk is that the American economy is steadily eroded rather than collapsing instantly. 'We all want it to be made for television where it's this explosion — it's not like that,' said Brad Jensen, a professor at Georgetown University. 'It's going to be fine sand in the gears and slow things down.' Trump has promoted the tariffs as a way to reduce the persistent trade deficit. But importers sought to avoid the taxes by importing more goods before the taxes went into effect. As a result, the $582.7 billion trade imbalance for the first half of the year was 38% higher than in 2024. Total construction spending has dropped 2.9% over the past year, and the factory jobs promised by Trump have so far resulted in job losses. The lead-up to Thursday fit the slapdash nature of Trump's tariffs, which have been variously rolled out, walked back, delayed, increased, imposed by letter and frantically renegotiated. The process has been so muddled that officials for key trade partners were unclear at the start of the week whether the tariffs would begin Thursday or Friday. The language of the July 31 order to delay the start of tariffs from Aug. 1 said the higher tax rates would start in seven days. On Wednesday morning, Kevin Hassett, director of the White House National Economic Council, was asked if the new tariffs began at midnight Thursday, and he said reporters should check with the U.S. Trade Representative's Office. Trump on Wednesday announced additional 25% tariffs to be imposed on India for its buying of Russian oil, bringing their total import taxes to 50%. He has said that import taxes are still coming on pharmaceutical drugs and announced 100% tariffs on computer chips, meaning the U.S. economy could remain in a place of suspended animation as it awaits the impact. The president's use of a 1977 law to declare an economic emergency to impose the tariffs is also under challenge. The impending ruling from last week's hearing before a U.S. appeals court could cause Trump to find other legal justifications if judges say he exceeded his authority. Even people who worked with Trump during his first term are skeptical that things will go smoothly for the economy, such as Paul Ryan, the former Republican House speaker, who has emerged as a Trump critic. 'There's no sort of rationale for this other than the president wanting to raise tariffs based upon his whims, his opinions,' Ryan told CNBC on Wednesday. 'I think choppy waters are ahead because I think they're going to have some legal challenges.' Still, the stock market has been solid during the recent tariff drama, with the S&P 500 index climbing more than 25% from its April low. The market's rebound and the income tax cuts in Trump's tax and spending measures signed into law on July 4 have given the White House confidence that economic growth is bound to accelerate in the coming months. As of now, Trump still foresees an economic boom while the rest of the world and American voters wait nervously. 'There's one person who can afford to be cavalier about the uncertainty that he's creating, and that's Donald Trump,' said Rachel West, a senior fellow at The Century Foundation who worked in the Biden White House on labor policy. 'The rest of Americans are already paying the price for that uncertainty.'
