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:

DNC's Host Committee Came Up Short DNC's Host Committee Came Up Short

This ad will end in seconds
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation

 

Blogs / Influence

DNC's Host Committee Came Up Short

October 17, 2012
The host committee in Charlotte, N.C., charged with raising money for the Democratic National Convention was $12.5 million shy of its goal, the Charlotte Observer is reporting.

The Observer explains:

The committee was obligated to come up with $36.6 million to fund the convention proceedings. For the first time, the Democratic party imposed restrictions on where the money could come from, barring contributions from corporations and lobbyists.

Through cost-cutting, the host committee was able to get the convention budget down to $31.3 million, according to host committee CEO Dan Murrey.

But fundraisers were only able to bring in $24.1 million, in cash and in-kind contributions.

To make up the difference, the paper reports, the committee borrowed $7.9 million from Duke Energy, which offered the committee a $10 million line of credit. 

And it looks as if the Obama campaign and the Democratic National Committee will not come to the rescue. The Observer again:

Neither the Obama campaign nor the Democratic National Committee will contribute toward making up the shortfall, [host committee CEO Dan] Murrey said.

Did the ban on K Street contributions contribute to the shortfall?

Murrey deflected a question about how difficult the Democratic party's first-ever restrictions made fundraising.


Read more here: http://www.charlotteobserver.com/2012/10/17/3603482/dnc-host-committee-came-up-125.html#storylink=cpy


More Blogs
Job Board
Search Jobs
Outside Sales Representative
National Federation of Independent Businesses | Poughkeepsie, NY
Membership Sales Representative
National Federation of Independent Businesses | Saint Paul, MN
Outside Sales Representative
National Federation of Independent Businesses | Spencer, IA
Outside Sales Representative
National Federation of Independent Businesses | Meridian, MS
Outside Sales Representative
National Federation of Independent Businesses | Bremerton, WA
Outside Sales Representative
National Federation of Independent Businesses | Redmond, WA
Outside Sales Representative
National Federation of Independent Businesses | St. George, UT
Outside Sales Representative
National Federation of Independent Businesses | Fairbanks, AK
Outside Sales Representative
National Federation of Independent Businesses | Middletown, NY
Business Development Sales Representative
National Federation of Independent Businesses | Clovis, NM
Outside Sales Representative
National Federation of Independent Businesses | Claremont, NH
Outside Sales Representative
National Federation of Independent Businesses | New Albany, IN
Outside Sales Representative
National Federation of Independent Businesses | ME
Outside Sales Representative
National Federation of Independent Businesses | Alpena, MI
Outside Sales Representative
National Federation of Independent Businesses | Lake City, FL
Comments
comments powered by Disqus