DNC Is $20.3 Million in Debt, Takes Out A Loan
The Democratic National Committee has $4.6 million in its coffers and $20.5 million in total debt at the end of September.
By contrast, the Republican National Committee raised $48.4 million in September to bring its cash war chest up to $82.6 million.
The numbers reveal inversely related fundraising trajectories; even as RNC donations continue to climb, the DNC's September debt was nearly double the $11.8
million it owed in August, reports Politico.
RNC Chairman Reince Priebus says the cash advantage will allow the Republican Party to get its message out to broader range of voters:
“While we continue to put money into our ground game and fully fund our
absentee ballot, early vote and Election Day GOTV efforts in all our
battleground states, our historic cash on hand figure also allows us to
continue funding our independent expenditure committee, run highly
effective hybrid ads and assist in electing Republicans across the
country at all levels,” said RNC Chairman Reince Priebus.