Five takeaways from the latest fundraising reports in the lead-up to 2020

Five takeaways from the latest fundraising reports in the lead-up to 2020

Two years out from the 2020 presidential race, President TrumpDonald John TrumpHouse Dems demand Barr cancel 'inappropriate' press conference on Mueller report DOJ plans to release 'lightly redacted' version of Mueller report Thursday: WaPo Nadler accuses Barr of 'unprecedented steps' to 'spin' Mueller report MORE is raking in money from his small-dollar army as he gears up for a challenging reelection race.

Democratic presidential candidates are also hoping to harness that same small-dollar energy as they seek to stand out in a crowded field.


More than half a dozen senators running or considering bids can also get an extra boost by transferring money from their Senate accounts.

Here are five takeaways from year-end fundraising reports filed with the Federal Election Commission (FEC) by the Thursday deadline:

Trump benefits from small-dollar army

Trump’s campaign isn't slowing down two years out from his reelection race.

He entered the year with $19.2 million in the bank and most of his contributions are still coming from small-dollar donors who will prove critical in the 2020 presidential race.

Trump’s campaign and his joint fundraising committees raised more than $21 million during the last three months of 2018. His campaign said most of his contributions came from donors who gave less than $200.

The president’s campaign also spent heavily during the end of 2018, steering $23 million to campaign ads, direct contributions to GOP candidates and other expenses from dozens of campaign rallies.

According to the FEC filing, Trump owes the Treasury Department over $1 million for travel expenses related to campaign rallies.

And his campaign also spent $838,000 on legal fees, which included money given to firms who have represented the president and those close to him regarding Russia election interference investigations, according to The New York Times.

Warren, Gillibrand lead the pack in Senate cash

Not all Democratic presidential candidates will be starting from square one when it comes to fundraising.

Sens. Elizabeth WarrenElizabeth Ann WarrenOvernight Defense: Reports detail effect of transgender military ban | Watchdog auditing 8 billion submarine program | Warren questions top general on climate change Booker calls for sweeping voting rights reforms Warren praises Ocasio-Cortez in Time 100 MORE (D-Mass.) and Kirsten GillibrandKirsten Elizabeth GillibrandOvernight Energy: Gillibrand offers bill to ban pesticide from school lunches | Interior secretary met tribal lawyer tied to Zinke casino dispute | Critics say EPA rule could reintroduce asbestos use Trump says he'd like to run against Buttigieg Gillibrand introduces bill to ban harmful pesticide from school lunch MORE (D-N.Y.), who are both running for president in 2020, are the early leaders among the eight U.S. senators running or believed to be considering White House bids.

Warren leads the pack with $11 million cash on hand. Gillibrand is not far behind with $10.3 million in the bank.

Lawmakers with federal campaign accounts can transfer that money to use in a presidential campaign.

Sen. Bernie SandersBernard (Bernie) SandersOvernight Health Care: DOJ charges doctors over illegal opioid prescriptions | Cummings accuses GOP of obstructing drug pricing probe | Sanders courts Republican voters with 'Medicare for All' | Dems probe funding of anti-abortion group Ex-Obama campaign manager: Sanders can't beat Trump Booker calls for sweeping voting rights reforms MORE (I-Vt.), who’s reportedly gearing up to announce another White House bid, has $9 million in his Senate campaign account.

Meanwhile, Sen. Cory BookerCory Anthony BookerHillicon Valley: Washington preps for Mueller report | Barr to hold Thursday presser | Lawmakers dive into AI ethics | FCC chair moves to block China Mobile | Dem bill targets 'digital divide' | Microsoft denies request for facial recognition tech Booker calls for sweeping voting rights reforms 20 Dems demand no more money for ICE agents, Trump wall MORE (D-N.J.), who’s the latest Democrat to enter the 2020 race, has $4.1 million.

And Sen. Kamala HarrisKamala Devi HarrisEx-Obama campaign manager: Sanders can't beat Trump Pollster says Trump's approval rating in 2020 will be impacted by Dem nominee 20 Dems demand no more money for ICE agents, Trump wall MORE (D-Calif.) ended 2018 with $1.3 million, though she announced raising $1.5 million in online donations within 24 hours of her 2020 announcement earlier this month.

In the House, Rep. Tulsi GabbardTulsi GabbardSeveral 2020 Dems say they're ready to face Fox News town hall More than one in 10 in new poll say men are 'better suited emotionally' for politics Buttigieg second most talked-about candidate on cable news shows: analysis MORE (D-Hawaii) has $2 million stowed away for her long-shot presidential bid. She also faces a contested primary for her House seat, though she hasn’t confirmed if she will run for reelection.

Rep. Eric SwalwellEric Michael SwalwellO'Rourke says he is willing to appear on Fox News Klobuchar to appear in Fox News town hall in May Several 2020 Dems say they're ready to face Fox News town hall MORE (D-Calif.), who plans to make a 2020 decision soon, has $1.6 million in his account for a presidential run.

Meanwhile, former Rep. Beto O’Rourke (D-Texas), who raised a record amount of money for his Senate bid in 2018, only has $286,000 in his account.

Republican Mark HarrisMark HarrisDem candidate in contested North Carolina race refunds donation from Omar campaign Dem says he raised .6M for campaign in contested North Carolina district Warren: GOP knows 'if all the votes are counted, we'll win every time' MORE owes money after disputed race

Mark Harris, the Republican candidate in North Carolina's disputed 9th District race, went into the new year with about $19,000 cash on hand, having raised less than $4,000 in the last five weeks of 2018.

But the North Carolina Republican owes about $86,000, and $53,000 of that debt is to Red Dome Group, the consulting firm that contracted the man at the center of allegations about the misuse of absentee ballots.

Harris's year-end filing says the campaign owes Red Dome "reimbursement payment for Bladen absentee, early voting poll workers, reimbursement door to door.”


Bladen County is one of the counties at the heart of the fraud investigation.

Meanwhile, Harris's rival, Democrat Dan McCready, has continued fundraising in the event that a new election is called.

McCready raised $503,000 and ended 2018 with $337,000.

The North Carolina Democrat currently trails Republican Mark Harris by 905 votes, but the state elections board declined to certify the results amid the fraud allegations. The board will soon vote at a February hearing whether to certify the race or call for a new election.


Vulnerable senators stockpile money

Democrats are emboldened about their chances of taking back the Senate in 2020, as they are set to defend 12 seats while Republicans are protecting 22 seats.

But a number of vulnerable GOP senators are already in good financial shape ahead of their tough reelection races.

Sens. Cory GardnerCory Scott GardnerCain says he won't back down, wants to be nominated to Fed Embattled senators fill coffers ahead of 2020 Obama-era diplomat launches Colorado Senate bid, would be first openly gay male senator MORE (R-Colo.) and Susan CollinsSusan Margaret CollinsOvernight Energy: Collins receives more donations from Texas oil, gas industry than from Maine residents | Interior chief left meetings off schedule | Omar controversy jeopardizes Ocasio-Cortez trip to coal mine Embattled senators fill coffers ahead of 2020 Collins receives more donations from Texas fossil fuel industry than from Maine residents MORE (R-Maine), the only two GOP senators up for reelection in states Hillary ClintonHillary Diane Rodham ClintonMcAuliffe says he won't run for president in 2020 Chuck Todd slams reports that DOJ briefed Trump on Mueller findings: 'This is actual collusion' Crowdfund campaign to aid historically black churches hit by fires raises over M MORE won in 2016, have $1.7 million and $2.6 million, respectively.

Other targeted GOP senators have at least $1 million when they started 2019: Sen. Joni ErnstJoni Kay Ernst Embattled senators fill coffers ahead of 2020 GOP senators divided on Trump trade pushback Abrams: Schumer has been 'relentless but thoughtful' about Senate bid MORE (Iowa) has $1.3 million, Sen. Thom TillisThomas (Thom) Roland TillisPro-life Christians are demanding pollution protections Embattled senators fill coffers ahead of 2020 Abrams: Schumer has been 'relentless but thoughtful' about Senate bid MORE (N.C.) has $2 million and Sen. David Perdue (Ga.) has $1.7 million.

Senate Majority Whip John CornynJohn Cornyn Embattled senators fill coffers ahead of 2020 Trump struggles to reshape Fed Congress opens door to fraught immigration talks MORE (R-Texas) and Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellThe Hill's 12:30 Report: Trump, Dems prep for Mueller report's release McConnell touts Trump support, Supreme Court fights in reelection video Why Ken Cuccinelli should be Trump's choice for DHS MORE (R-Ky.), whose reelection races are expected to draw national attention, entered 2019 well-positioned with $5.7 million and $3.6 million, respectively.

Sen. Martha McSallyMartha Elizabeth McSallyTrump gives nod to vulnerable GOP Sen. McSally with bill signing Embattled senators fill coffers ahead of 2020 Gallego tapped as national campaign chairman for Swalwell presidential bid MORE (R-Ariz.), who was recently appointed to fill the late Sen. John McCainJohn Sidney McCainTrump gives nod to vulnerable GOP Sen. McSally with bill signing Democrats need a 'celebrity' candidate — and it's not Biden or Sanders Juan Williams: The high price of working for Trump MORE's (R) seat after losing her 2018 Senate race, ended 2018 with less than $1 million in the bank.

Meanwhile, Sen. Doug Jones (D-Ala.), who is seen as the most vulnerable Senate Democrat up for reelection, ended 2018 with $2.1 million in his account as he gears up for a challenging race in the deep-red state. 

Jones hasn’t gotten a formal Republican challenger, but Rep. Bradley ByrneBradley Roberts ByrneGOP strategist: Alabama Republicans need to 'gather around' candidate who 'is not Roy Moore' The Hill's Morning Report — Combative Trump aims at Pelosi before Russia report Embattled senators fill coffers ahead of 2020 MORE (R-Ala.) is among several Republicans seriously considering running. Byrne has over $1 million in the bank.

And in Kansas’ open-seat, Secretary of State Mike PompeoMichael (Mike) Richard PompeoTrump admin announces new restrictions on travel to Cuba Russia is gaining influence in Libya: How will Washington respond? Trump reverses policy, allows lawsuits against businesses in Cuba MORE has been heavily courted by Republicans to leave the Trump administration and run for the seat being vacated by retiring Sen. Pat RobertsCharles (Pat) Patrick Roberts Embattled senators fill coffers ahead of 2020 Republicans writing off hard-line DHS candidate The Hill's Morning Report - Trump seeks tougher rules on asylum seekers MORE (R-Kan.).

Before entering Trump’s Cabinet, Pompeo was a congressman for six years and still has $990,000 in his House account.

At the committee level, the National Republican Senatorial Committee began 2019 with $7.4 million in the bank, while the Democratic Senatorial Campaign Committee had $6.1 million.


Dems facing likely primaries build defenses 

Some Democratic incumbents are already facing the threat of primary challenges in 2020. But they’ll have the advantage of incumbency and money.

Rep. Dan Lipinski (D-Ill.), who has become a frequent target of progressives, ended 2018 with $450,000 cash on hand.

While he doesn’t have a formal challenger, his 2018 primary challenger, Marie Newman, is considering another run after losing by 3 points.

If she decides to run, Newman would initially go into the race with a huge financial disadvantage. At the end of 2018, she had only $70 in the bank, though national groups could decide to again spend heavily on her behalf.

Rep. Stephen LynchStephen Francis LynchLawmakers blast Wells Fargo chief over response to scandals Justin Amash is the unlikely GOP hero of Cohen hearing Five takeaways from the latest fundraising reports in the lead-up to 2020 MORE (D-Mass.), who soundly defeated several Democratic challengers in 2018, has plenty of money ready for another primary, with $1.4 million in the bank.

One of his primary challengers, video game developer Brianna Wu, has just $65,000 on hand. Wu has already declared she’ll run against Lynch in 2020 and has hired more staff than last time.

No names have surfaced as primary challenges to Rep. Henry Cuellar (D-Texas), who’s facing a primary threat from progressive group Justice Democrats. But he has millions stockpiled, with $2.5 million in his account.

And freshman Rep. Alexandria Ocasio-CortezAlexandria Ocasio-CortezWarren praises Ocasio-Cortez in Time 100 Ocasio-Cortez knocks Republican over Kentucky trip: 'GOP thought they could catch us with a bluff' Ocasio-Cortez releases 'Green New Deal' short film MORE (D-N.Y.), who became a household name after defeating an entrenched incumbent last year, closed out 2018 with nearly $370,000 on hand.

Ocasio-Cortez stunned the political world by defeating Rep. Joe CrowleyJoseph (Joe) CrowleyOcasio-Cortez responds to Trump calling her a 'young bartender': The 'last guy who underestimated me lost' Progressives hammer DCCC over blacklist targeting primary challenges Beto could give Biden and Bernie a run for their money MORE in her 2018 Democratic primary, but there are some rumblings about some Democrats potentially fielding a primary challenge

Nationally, the Democratic Congressional Campaign Committee, the party's House campaign arm, outraised its GOP counterpart by $2 million in the last five weeks of 2018.

But the National Republican Congressional Committee ended with $16.5 million on hand, while the DCCC had $5.6 million.