Wednesday, August 21, 2013

DNC still struggling to pay off debt, The Republican National Committee, meanwhile, outraised the DNC more than two-to-one in July, $5.9 million to $3.9 million. The RNC has $12.3 million in cash and no debt.

The Democratic National Committee continues to struggle to pay off its debt from the 2012 election, according to its latest campaign finance report. - Aaron Blake/Washington Post

In July, the DNC actually saw its debt rise from $18.3 million to $18.5 million, even as its cash on hand declined from $5.7 million to $4.1 million. The committee raised $3.9 million, but spent significantly more than that — $5.4 million.

RNC Statement on FEC Filing -

WASHINGTON – Today, Republican National Committee Chairman Reince Priebus announced the RNC raised $5.9 million in July 2013. The committee’s cash on hand totals $12.3 million.

The continued support from donors at all levels has enabled the RNC to launch an unprecedented community-based field operation. The RNC already has more staff on the ground than in headquarters, which is unheard of in an off-year. Meanwhile, the RNC is developing an entirely new data and digital operation, under the leadership of Chief Technology Officer Andy Barkett and Chief Digital Officer Chuck DeFeo, which will empower candidates and activists at all levels.

“As we saw at our Summer Meeting in Boston, there’s great energy in the Republican Party, and we stand united behind the cause of building a permanent, nationwide campaign,” said Chairman Priebus. “With the support of our donors and investors, we’re making it happen.
“By making these investments now, we will ensure our party is more competitive than ever in 2014, 2016 and beyond. I’m proud of the work we’re doing on the ground and in communities. And I’m confident that we’ll be able to leapfrog the Democrats in our data capabilities.”

Fast facts:
Total raised in July 2013: $5.9 million
Total cash on hand: $12.3 million
Percentage of donors who gave less than $200: 98 percent
Average donation: $51