Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Reveal Navigation

DNC Fundraising Slows In July DNC Fundraising Slows In July DNC Fundraising Slows In July DNC Fundraising Slows In ...

share
This ad will end in seconds
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation

 

Politics / POLITICS

DNC Fundraising Slows In July

Wasserman Schultz: Off Approps.(Mark Wilson/Getty Images)

August 20, 2011

The Democratic National Committee's torrid fundraising pace after President Obama announced he would run for re-election slowed dramatically in July, according to new reports filed with the Federal Election Commission.

The DNC raised $6.9 million last month, the new reports show. That's down from the $12.2 million the committee raised in June, the $10.5 million raised in May and the $14 million raised in April, when Obama said he would seek a second term.

The slower fundraising pace came in a month in which Washington was consumed by debate over raising the debt ceiling. During that debate, Obama canceled or delayed a number of fundraisers, leading some senior advisors to worry to the media that their totals for the third quarter would not match the combined $86 million Obama's campaign and the DNC raised between April 1 and June 30.

(It's worth noting that professional fundraisers will admit both July and August are lousy months for fundraising, given people's vacation schedules)

A joint Obama-DNC account contributed just $2.2 million to the party's coffers this month. The party paid down about $600,000 in debt, but Democrats still owe about $11.2 million to creditors. The DNC has $20.1 million in the bank.

The Republican National Committee, meanwhile, raised about $6.1 million in the month of July, a GOP source told The Hotline. The RNC has $7.6 million in the bank, about $300,000 more than it had last month.

That figure could have been higher, but the RNC spent big bucks on a four-week advertising campaign on behalf of Republican state senators in Wisconsin who faced recall elections; two Republicans lost those elections, but the party kept control of the state Senate, a key victory after anger over Gov. Scott Walker's revision of the state's collective bargaining laws.

The beleaguered RNC found itself saddled with more than $24 million in debt after the 2010 elections; that debt has been cut to just less than $17 million, though it still presents a huge obstacle. The committee, the GOP source said, is bent on cutting any wasteful spending it can in hopes of reducing the debt as much as possible.

Get us in your feed.