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Friday, March 23, 2018

DNC Takes Out $2 Million Loan

Nine months before critical midterms where Democrats are defending a record number of Senate seats, the national party is falling deeper into debt.

The Democratic National Committee (DNC) took out a $1.7 million loan in February, pushing their total debt to more than $6 million, according to recent Federal Election Commission filings.

Meanwhile, the party’s fundraising efforts yielded around half the total amount as the Republican National Committee (RNC). The DNC brought in $6.9 million in February, while the RNC raised $12.8 million.

The national Democratic arm has just over $10 million cash on hand, The Republican’s will likely need the vast amounts of cash heading into the midterms, which are historically unfavorable to a new president’s party.

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5 comments:

Anonymous said...

Considering the quality of the big ticket items they put out, I wouldn't lend them a penny.

Anonymous said...

Mainstream media been touting they have record amounts of money,lies again.

Anonymous said...

I saw that too on CNN . Rolling in cash ,never taken in so much money in small donation. Its beyond a lie. Active political indoctrination by news organization.

Anonymous said...

The fat failure spent it all. If there was any left she stole it.

Anonymous said...

the have about 10 million and they owe about 7 million so why don`t they pay off their debts?