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Tim Scott’s war chest gives a possible edge as he considers a presidential candidate

Tim Scott’s war chest gives a possible edge as he considers a presidential candidate

ASen. Tim Scott (R-SC) eyes a 2024 White House bid The South Carolina senator benefits from a massive campaign war chest and a fundraising clout that could give him a boost over other presidential candidates.

Although Scott has not declared whether he intends to run for president, speculation about a possible White House run began to rise in early February after the senator hired former Sen. Cory Gardner (R- CO) and Republican agent Rob Collins to run his super. PAC

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Scott launched his Opportunity Matters Fund in September in an effort to boost several Republican candidates during the midterm elections. Since then, he has spent hundreds of thousands of dollars on ad buys as he mulls a presidential bid.

Meanwhile, Scott has positioned himself as the top fundraiser in the 2022 midterm cycle, raising more than $43 million for his re-election campaign, according to Federal Election Commission records. That fundraising leaves Scott with nearly $22 million on hand as of Dec. 31. The senator can transfer that money to a presidential committee if he decides to run.

That puts Scott ahead of former President Donald Trump, who reported having $3 million on hand late last year, according to campaign records.

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Trump has struggled with a slow fundraising start, but the former president is looking to improve his standing by hosting a dinner for some of his top donors at his Mar-a-Lago home on Thursday, marking his first fundraiser of the 2024 cycle.

Scott also plans to make the rounds this week. He is expected to attend a donor conference Friday in Austin, Texas, hosted by former George W. Bush adviser Karl Rove. This conference will give the leading candidates, including Scott, former Vice President Mike Pence and former US Ambassador to the United Nations Nikki Haley, a chance to tap top donors as they compete for the White House.

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