DNC outraises RNC, whittles down its debt

PHILIP ELLIOTT
Associated Press

WASHINGTON (AP) — Making progress at whittling down a once-enormous debt, the Democratic National Committee on Friday reported it had raised more than its GOP rival in May and cut its red ink to less than $5 million for the first time since July 2012.

The DNC raised almost $8.8 million in May but still owed $4.9 million to vendors who produce campaign ads, mail and data providers. The central party also reported it had $7.9 million in the bank.

The Republican National Committee, meanwhile, raised almost $8.2 million in May, according to its Federal Election Commission filings. It was carrying no debt and had an almost 2-to-1 advantage over the DNC, with $13.5 million in the bank.

The RNC has outraised the DNC in 10 of the last 17 months.

“Strong fundraising, a winning message and an unpopular president are the key ingredients for victory in November,” RNC Chairman Reince Priebus said in a statement.

The DNC amassed significant debt as it spent heavily on President Barack Obama’s successful re-election bid in 2012. At the end of July 2012, the DNC reported almost $4.8 million in red ink. That number ballooned to a high of almost $23 million in March of 2013 as bills came due and donors tired of giving.

The DNC has raised $107 million since January 2013. The RNC has raised $123 million in that same period.

___

Follow Philip Elliott on Twitter: http://www.twitter.com/philip_elliott

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up