House Minority Leader Hakeem Jeffries, DN.Y. During the second quarter of 2023, House Speaker Kevin McCarthy, R-Calif. The claim of collecting more than Rs.
Punchbowl News reported last week that Jefferies’ fundraising total for the second quarter was $29 million, an amount celebrated by the Democrat’s team as a win and a sign that the party is outpacing its Republican opponents across the aisle.
“Jeffries’ tally is $7.3 million more than what Speaker Kevin McCarthy raised in Q2. Jeffries, of course, is following in the footsteps of former Speaker Nancy Pelosi — a legendary fundraiser. It’s clear that in his first half year as Democratic leader, Jeffries can report early in the money game department”.
Sharing the news, Justin Chermole, Press Advisor at Jefferies, wrote in a tweet: “For the second straight quarter, leader @hakeemjeffries single-handedly carried the NRCC, creating another massive fundraising hole for House Democrats.”
However, in a memo to its readers on Tuesday, Punchbowl News issued a correction about Jefferies’ fundraising total.
“Last week, we reported that House Minority Leader Hakeem Jeffries raised $29 million during the second quarter of 2023, which Jefferies’ team estimated was more than McCarthy’s earnings,” the outlet said in an update. “To be clear, this is not the full story.
“Team Jeffries counts every dollar raised by the DCCC in its total. McCarthy does not. So, using Jeffries’ math, McCarthy raised closer to $46 million. In short, Jeffries didn’t raise more than McCarthy,” the outlet added. “In the future, we’ll work harder to show leadership their math when they provide us with fundraising numbers so we can give you an apples-to-apples comparison.”
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It was revealed earlier this month that McCarthy had raised $21.7 million in the second quarter through his joint fundraising committee, the McCarthy Victory Fund. That brought the total raised for Republicans this cycle to $62.5 million.
During one Appearing on “Morning with Maria”. McCarthy touted the House GOP’s massive fundraising record and praised the party’s performance in the last quarter as the party focuses on winning “more seats than Democrats” ahead of the 2024 election.
“I’ll tell you, it seems like a lot of money, but the Democrats always have a lot,” McCarthy told FOX Business host Maria Bartiromo. “Unions pay, and we have to win hard seats.”
Despite the Democrats’ fundraising prowess being a steadying force, McCarthy explained that the Republican agenda is what’s driving massive fundraising.
“I have independents and Democrats coming forward who want to help build that majority because they like that we’re putting America first, that we’re focusing on people,” the speaker said.
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“We’ve grown this party. That’s because good members with good policy who listen to the American people and aren’t afraid to lead make a difference,” he reiterated.
McCarthy has not publicly said who he is supporting in the upcoming presidential election, arguing that he is focused on fundraising and Congress.
Alicia Warren of Fox Business contributed to this report.