The Republican National Committee’s inability to reach its own fundraising goals for this year’s elections was more serious than its budget makers expected and the malaise has even spread to small-money donors, The Washington Times has learned.
As a result of poor fundraising compounded by controversial spending practices, the RNC will enter the 2012 presidential election cycle between $20 million and $25 million in debt — not the $15 million reported over the weekend.
“It’s the biggest debt the national committee ever had going into a presidential election cycle — at least in my memory,” said former RNC General Counsel David Norcross.
Full Story: RNC fundraising total falls short of low bar – Washington Times