WASHINGTON — Senate Banking Committee ranking member Tim Scott, R-S.C., has announced an exploratory committee for a 2024 presidential run.
Scott's announcement, made in a video released Wednesday morning that emphasized the senator's race, evangelical roots and conservative values, all but declares his run for president in 2024. Scott, the only Black Republican in the Senate, accused Democrats of creating a "culture of grievance."
"All too often when they get called out for their failures, they weaponize race to divide us, to hold onto their power," Scott said in the video. "When I fought back against their liberal agenda, they called me a prop. A token. Because I disrupt their narrative. I threaten their control. They know the truth of my life disproves their lies."
The exploratory committee offers Scott, who had $20 million in his Senate campaign account at the end of last year along with $13 million in a super PAC, the chance for continued fundraising in the already-crowded GOP primary.
Scott's position on the Senate Banking Committee also affords him greater opportunity to raise money from the financial industry, particularly with mid-sized banks ramping up their D.C. lobbying operations in the wake of the Silicon Valley Bank and Signature Bank failures, and the expected regulatory changes coming for banks of that size.
On the Senate Banking Committee, Scott has largely focused on housing issues,
While the lack of wider economic collapse might push banking issues out of Scott and many other Republicans' rhetoric ahead of the 2024 elections, the Fed has already
