DNC Quietly Adds Another 160K In Debt, Bringing Total Debt To $6.3 Million
The Democratic National Committee (DNC) reported more than $162,000 in additional debt in an amended FEC report filed this week.
The DNC originally reported $6.1 million in debt in its March 2018 FEC report filed on March 20 but amended that report on Monday to include an additional $162,368.64 in debt, bringing the DNC’s total debt to just under $6.3 million.
The Republican National Committee (RNC) has zero debt, according to the committee’s most recent FEC filings.
DNC chair Tom Perez has struggled to keep up with his Republican counterpart, RNC chair Ronna McDaniel. The RNC doubled the DNC’s fundraising in 2017 and has continued running well ahead of the DNC in 2018.
The RNC has almost four times as much cash on hand as the DNC, according to the latest available FEC reports. The RNC reported in March FEC filings, compared to the DNC’s $10.1 million.
The RNC reported $157.7 million in total fundraising during the 2018 so far and $42.4 million cash on hand in its March FEC filings, while the DNC reported $79 million in total fundraising over the same period, and just $10.1 in cash on hand. (RELATED: Nancy Pelosi Losing Control Of House Democrats)
The RNC’s fundraising success is due in large part to a surge in small-dollar donations brought in by President Trump, the Washington Post reported.
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