By Tuesday evening after House Speaker Nancy Pelosi (D-CA) announced a formal impeachment inquiry of President Trump, the Trump campaign raised $1 million as donors pledged their financial support for the president.
The calls for impeachment had come amid allegations that Trump withheld military aid from Ukraine in order to pressure it to investigate Democratic presidential candidate Joe Biden and his son, Hunter.
As Pelosi announced details about the inquiry, the president took to Twitter, calling the inquiry “presidential harassment,” and a “total witch hunt.”
They never even saw the transcript of the call. A total Witch Hunt!— Donald J. Trump (@realDonaldTrump) September 24, 2019
(On Wednesday morning, the White House released a memo of the call between Ukrainian President Volodymyr Zelensky and Trump, further detailing the issue now facing Trump.)
The Trump campaign quickly mobilized after Pelosi’s announcement, texting a fundraising plea to Trump supporters, asking them to donate and join the “Impeachment Defense Team.”
Trump’s campaign manager Brad Parscale tweeted Wednesday afternoon that the campaign has “blown out” fundraising, bringing in $5 million combined in the first day, with donors in all 50 states.
Trump has had incredible fundraising success, currently holding $56.7 million cash on hand, according to the latest FEC filings. So far, the president has raised more than $120 million for the 2020 election, crushing Democratic candidates in fundraising totals. Democratic presidential candidate Senator Bernie Sanders, who has achieved the most fundraising success, has pulled in roughly $46.5 million so far.
Parscale said the campaign plans to raise and spend over $1 billion on the 2020 election.
Despite these figures, the Democratic Party is also raking in money. According to a count from the New York Times, donors pledged $4.6 million dollars Tuesday to Democratic candidates.
Kristin Myers is a reporter at Yahoo Finance. Follow her on Twitter.