After reporting $6.3 million in debt, the Democratic Party’s fundraising arm has been anything but successful since the DNC elected Tom Perez as the chairman and Democrat Minnesota Rep. Keith Ellison as the vice chairman.
A new report shows that the DNC is not only roughly $6 million in debt, the organization is taking out loans ahead of crucial midterm elections in November.
As bad as it has gotten, new reports reveal the DNC’s financial woes may get a lot worse.
In an amended report filed earlier this week with the Federal Election Commission, the DNC reported an additional $162,368.64 in debt.
According to the organizations March 2018 filings, the DNC originally reported roughly $6.1 million in debt.
On Monday, the DNC amended the filing to account for the additional $162,368.64, bringing the group’s total debt to just shy of $6.3 million.
By comparison, the Republican National Committee has zero dollars in debt and raised nearly twice as much as the DNC last year.
The RNC reported in its March filings that the organization has four times as much cash on hand as the DNC.
So far, the RNC has raised $157.7 million in total fundraising this year. The organization also has $42.4 million cash on hand compared to the DNC’s $10.1 million.
The DNC reported $79 million in total fundraising in that same time period.
Perhaps most importantly, a bulk of the RNC’s fundraising came from small-dollar donations brought in by President Donald Trump.
This reveals that while Hollywood celebrities are making massive donations to the DNC, the RNC is largely receiving donations from real Americans across the country.
With crucial midterm elections in November, both the Senate and House of Representatives are up for grabs.
In order to hold on to both chambers of Congress, republicans will need to rely on their fundraising donations to spread Trump’s policies and agenda across the country.