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RNC Raises $11.3 Million RNC Raises $11.3 Million

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Politics

RNC Raises $11.3 Million

March 8, 2012

The Republican National Committee will report raising $11.3 million in February, a committee spokeswoman tells us, leaving the party in good financial position once they actually nominate a presidential candidate.

The RNC had $26.5 million in the bank at the end of the month, and they will file reports with the Federal Election Commission showing less than $11 million owed to creditors.

Major donors, who largely abandoned the party over the last few turbulent years, are coming back. So far, those donors account for $5.8 million of the approximately $21.7 million the party has raised since Jan. 1. That's a higher amount of major donor money than the RNC raised under George W. Bush.

Republicans see the money on hand as another step in the process of getting ready to fund an eventual nominee.

And that money is going to prove vital: Front-runner Mitt Romney's campaign said Thursday it had only a little more than $7 million on hand, and with a daunting series of primaries ahead, the eventual winner -- likely Romney -- is going to need a quick cash infusion.

The Democratic National Committee hasn't released its fundraising numbers yet this month. Reports aren't due to the FEC until March 20.

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