The next chairman of the Republican National Committee will face a money-raising challenge of historic proportions.
The unreleased official budget of the RNC reveals that the Republican Party’s national governing body and premier fundraising apparatus begins the 2011-12 presidential election cycle more than $20 million in the hole.
“A record for any year in the past 30 years,” Maria Cino, a candidate for the RNC chairmanship and a former deputy transportation secretary, told The Washington Times.
The budget was approved by RNC Chairman Michael S. Steele’s Budget Committee.
Full Story: RNC sees deep red for 2012 budget – Washington Times