Vital cashflow into GOP crippled as donors react to House chaos: report

GOP fundraising has dried up amid the chaotic scramble to elect the next House Speaker – and it's putting Republican control of the House in jeopardy, CNBC reported.

One problem for Republicans is a group of wealthy donors that's looking for revenge over Kevin McCarthy's ouster, the report said.

“They are total pieces of s---,” said Andy Sabin, a longtime Republican donor, about the group, adding that he is encouraging his wealthy friends to instead donate to Matt Gaetz (R-FL), who led the anti-McCarthy drive.

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Others want revenge against those who opposed McCarthy's top potential replacement, House Majority Leader Steve Scalise (R-LA), who later withdrew his name from contention.

"Other influential donors, including New York GOP fundraiser and McCarthy backer Joanne Zervos, want to try to convince Republicans to rally around their former speaker again, and resurrect McCarthy’s failed bid," CNBC's report stated. "They note that McCarthy has long been a prolific fundraiser for the party, according to a person briefed on the matter."

Other donors want to pause donations altogether as the Speaker fight continues.

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“Who is going to want to give to these people based on what’s going on? Team McCarthy was a fundraising juggernaut. Losing Kevin McCarthy will be damaging for fundraising,” a longtime Wall Street Republican fundraiser told CNBC.

Read the full report over at CNBC.