Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Paul Ryan To Head Presidential Trust Paul Ryan To Head Presidential Trust

NEXT :
This ad will end in seconds
Close X

Not a member or subscriber? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation

 

POLITICS

Paul Ryan To Head Presidential Trust

Rep. Paul Ryan, R-Wis., will head the Republican National Committee's presidential trust, the party announced Friday morning, a position from which he could launch a national campaign of his own -- eventually.

The trust is the fund from which the RNC will be able to make expenditures in coordination with its eventual presidential nominee. The fund can raise tens of millions of dollars, which could prove crucial after a nominee emerges from what could be a bloody, contentious and drawn out process. A broke nominee will be able to draw on RNC resources to fend off Democratic attacks while he or she restocks depleted campaign coffers.

In the long run, the post is a big deal for Ryan. The chairman of the House Budget Committee is a heroic figure to many in the conservative media elite, many of whom urged him to run for president. That was never a serious prospect, according to those close to Ryan, but he has realized that if he ever wants to run nationally, he'll need a donor base.

Running the trust will put Ryan's name in front of big donors who could eventually provide that base. A single donor can give up to $30,800 to the trust. And Ryan has promised Republicans he will be more than an honorary chairman; sources say he will dedicate both travel and call time to raising money for the trust.

His appointment is another sign that Ryan will disappoint fans in the conservative literati by forgoing a presidential bid this year. But it's a sign that he recognizes his potential as a future candidate, and he's laying a foundation in case the timing ever works out.

Don't Miss Today's Top Stories

Excellent!"

Rick, Executive Director for Policy

Concise coverage of everything I wish I had hours to read about."

Chuck, Graduate Student

The day's action in one quick read."

Stacy, Director of Communications

I find them informative and appreciate the daily news updates and enjoy the humor as well."

Richard, VP of Government Affairs

Chock full of usable information on today's issues. "

Michael, Executive Director

Sign up form for the newsletter
MORE NATIONAL JOURNAL