Republican presidential candidate Sen. Tim Scott (R-S.C.) announced that he raised approximately $5.92 million in the third quarter of fundraising for his political committees. The campaign reported that he concluded the quarter with $13.3 million in the bank, with $11.6 million available for use in the primary.
Scott’s Q3 fundraising efforts demonstrated a high burn rate, with his campaign raising about $4.6 million but spending nearly $12.4 million. However, his campaign benefited from the initial $22 million available when he launched his presidential bid, a result of previous fundraising efforts during his Senate service.
Although Scott’s Q3 fundraising was smaller than some of his Republican competitors, such as former President Trump, Florida Gov. Ron DeSantis, and former U.N. ambassador Nikki Haley, he has a larger sum available for primary campaign use than DeSantis and Haley. Notably, Trump maintains the most substantial amount available for the primary, with nearly $36 million.
Scott’s campaign, along with those of DeSantis and Haley, met with the major donor group American Opportunity Alliance to present their cases for donor support, as the 2024 Republican presidential primary race gains momentum.
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