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RNC Pays Down $1M From Debt

May 18, 2011

DALLAS -- The Republican National Committee has knocked another $1 million off its massive debt, the party will report to the Federal Election Commission this month.

The RNC raised more than $6 million in April and kept $5 million in the bank, the filings will show. The party still owes about $19 million in debt after paying off about $5 million since new chairman Reince Priebus took over in January.

Priebus himself has skin in the game, an RNC source said. Priebus gave $5,000 to the committee last month, the source said.

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