FEC Filings: DNC Almost $21 Million In Debt, RNC Has $7.1 Million In The Bank?

Via Politico:

The Democratic National Committee raised $4.3 million in January, but is still weighed down by a significant amount of post-election debt.

While it?s not unusual for political parties to creep into the red after an election, Democratic Party ended the 2012 cycle with a debt of $21.5 million, according to a new filing with the Federal Elections Commission.

The committee?s latest report shows the DNC paying down nearly $700,000 of their post-election debt ? which shrank to $20.7 million.

Earlier Wednesday, the RNC announced it had raised $6.9 million in January, with $7.1 million in the bank. The committee retired the last of its outstanding debt at the end of 2012.

Source: http://weaselzippers.us/2013/02/21/fec-filings-dnc-almost-21-million-in-debt-rnc-has-7-1-million-in-the-bank/

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