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DNC Lags Behind GOP In Fundraising, Ended Year Almost Broke

First Posted: 03/28/08 03:46 AM ET Updated: 05/25/11 01:25 PM ET

Dnc Broke

NY Times:

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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Read the whole story: NY Times

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Filed by Will Thomas  |