House GOP reelection arm 'obliterates' fundraising records with $140M haul in 2021

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House GOP reelection arm 'obliterates' fundraising records with $140M haul in 2021
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The House GOP's reelection arm reported on Thursday that it brought in an off-election year record $140 million in fundraising in 2021.

transferred $25.3 million of his fundraising last year to the committee. Fox News was first to report on Wednesday that McCarthy hauled in an off-election record $72.4 million in 2021.

House Minority Leader Kevin McCarthy, R-Calif., speaks during a television interview, at the Capitol in Washington, Nov. 5, 2021. While Republicans lost the White House and their Senate majority in the 2020 elections, they defied expectations and took a big bite out of the Democrats' large House majority. The GOP now needs a net gain of just five seats in the 435-seat chamber in this year's midterms to recapture the majority it lost in the 2018 election.

As they aim to regain the majority, Republicans have history on their side. On average, the party that wins the White House in a presidential election loses more than 25 House seats in the ensuing midterm election. Democrats are also facing a difficult political climate.

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