DNC Lags Behind GOP In Fundraising, Ended Year Almost Broke

03/28/2008 02:46 am ET | Updated May 25, 2011

For all the success that Democratic presidential candidates have had in raising money -- taking in a combined total of over $500 million in the current race -- the Republicans are beating them in one crucial area of fund-raising: the money being raised by the parties themselves.

The Democratic National Committee ended 2007 nearly flat broke, with cash of $2.9 million and debts of $2.2 million. Since then it has raised some money, paid down debt and managed to put $3.7 million in its piggy bank. This compares, however, with $25 million that the Republican National Committee has in cash on hand, after having raised $97 million since the beginning of 2007.

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