Filings made to the Federal Election Commission (FEC) on 20 July put the National Republican Congressional Committee (NRCC) at $92.7m in cash on hand at 30 June, against $79.0m for the Democratic Congressional Campaign Committee (DCCC), a gap of $13.7m1. Across the same three months the DCCC out-raised its rival, taking $37.4m to the NRCC's $35.4m2.
Those filed receipts replace a number this briefing series published last month. On 21 June we reported the DCCC's second quarter at $45.3m, taking the figure from the committee's own announcement. That $45.3m was the DCCC's first-quarter total, announced on 20 April, and the second quarter had not closed when we ran it. The DCCC's real second-quarter receipts are the $37.4m now on the FEC record, and we have logged a correction against that earlier event.
The Republican lead holds at every tier, as it has since May: Republican National Committee (RNC) $128.5m against Democratic National Committee (DNC) $16.3m, and National Republican Senatorial Committee (NRSC) $55.9m against Democratic Senatorial Campaign Committee (DSCC) $41.0m.
The two headline numbers measure different things, which is how both parties can claim the quarter. Cash on hand is the balance banked since January 2025. Quarterly receipts count only the last three months of fundraising. October advertising comes out of the balance.
The Supreme Court struck the caps on party coordinated spending in June, and that ruling has made every banked dollar go further. Section 315(b) of the Communications Act obliges broadcasters to sell candidates their cheapest available rate in the 60 days before a general election. Party committees do not qualify for it when they spend independently, but spending coordinated with a candidate does. Striking the caps moved party money into the cheaper half of the advertising market, so an NRCC dollar sitting in the bank now reaches more voters this autumn than the same dollar would have reached in 2024.
