Wednesday, August 22, 2007

Republicans are broke

Dems Crushing GOP in Congressional Fundraising

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.

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