House Republicans trying to hold onto their majority are sitting on almost $48 million heading into what is shaping up to be a costly fall election season, campaign officials said Monday.
The National Republican Congressional Committee raised $8 million in July, bringing its fundraising totals for the 2014 elections to $109 million.
The Democratic Congressional Campaign Committee has not yet reported its totals from last month. Like other political committees, it faces a Wednesday deadline.
Democrats’ campaign arm reported almost $51 million in the bank at the end of June. Since January 2013, the group has raised almost $125 million. Heading into July, the Democrats’ House campaign panel had outraised the GOP in 16 of the previous 18 months.
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Both parties now are ready to spend that cash. House Republicans have reserved more than $30 million in ad time. Democrats have booked $44 million.
Despite heavy spending, Republicans are expected to hold onto their House majority after November’s elections due in large part to redrawn congressional districts that have left few competitive races. Republicans hold 234 seats and Democrats have 199. There are two vacancies.