House Republicans are flat broke, and there's no sign of better cash days in the near term.
Less than 15 months from Election Day, the House Republican campaign arm -- the National Republican Congressional Committee -- continues to effectively run a negative balance. The committee has just $1.97 million in its accounts, as of July 31, according to FEC reports it filed this week. But the NRCC is also sitting on a debt of $4.1 million.
On the other side of the aisle, the Democratic Congressional Campaign Committee is awash in cash. It has $21.3 million in its accounts, for a better than 10 to 1 cash edge over the NRCC, and it has out-raised its GOP counterpart through July. The DCCC raised more than $40.5 million so far this year. The Democratic committee has $3.5 million in leftover debt from 2006, which was down from $9.3 million at the end of last year.
What's worse for Republicans, the FEC just issued a report on fund-raising by individual candidates for the House and Senate, and the vast majority of the money is flowing to Democrats: House Democratic candidates raised $94.2 million through June 30, while House GOP candidates took in just $63.6 million.
Wednesday, August 22, 2007
Republicans are broke
Dems Crushing GOP in Congressional Fundraising