The Republican National Committee announced it raised a record-breaking $23.5 million raised during the month of August as the 2020 presidential race begins to heat up.
The RNC made the announcement on Wednesday saying the committee has the most money in the bank since September of 2016.
Fox first published that report late Tuesday saying the RNC has nearly $54 million cash on hand as President Trump continues to gain steam heading into the 2020 presidential election.
The $23.5 million only includes direct contributions to the RNC, and does not include money raised by the joint fundraising committees.
RNC Chairwoman Ronna McDaniel has recently praised the Democrats for the committee’s recent fundraising hauls suggesting they have reenergized voters with their faulty policies.
According to McDaniel, “The more Democrats demonize President Trump and his supporters, the more boots we can put on the ground to re-elect him. Between the President’s accomplishments and our grassroots infrastructure, Republicans are going to be unstoppable in 2020!”
Representatives for the RNC have clarified the money will go toward turning historically blue states red in the 2020 presidential election.
Some of the states the Trump campaign will reportedly target include Nevada, New Hampshire, and Minnesota.
This announcement comes just days after President Trump held a rally in deep blue New Mexico at the Santa Ana Star Center in Rio Rancho.
The Trump campaign has signaled in the past it aims to reach $1 billion by the end of the election cycle, a goal that may not be out of reach considering the momentous steam the GOP continues to gain.
According to the Federal Election Commission, the Democratic National Committee has significantly fallen behind in recent months, bringing in only $7.7 million in July while the RNC raised nearly $21 million.