Chairman: Republican Party is $23M in debt

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The new chairman of the Republican National Committee is being candid about the GOP’s financial troubles, issuing a statement that the party is $23 million in debt — more than what a new campaign finance report says.

Reince Priebus, the RNC chairman, says the party has $15 million in outstanding loans and owes $8 million to vendors. The GOP’s year-end report to the Federal Election Commission, filed in Washington today, shows $21 million in red ink.

Full Story: Chairman: Republican Party is $23M in debt – On Politics: Covering the US Congress, Governors, and the 2012 Election – USATODAY.com