Obama's Edge in Jeopardy: RNC Has $50 Million Cash Advantage

07/01/2008 05:12 am ET | Updated May 25, 2011
  • Talking Points Memo

Here are some new fundraising numbers that complicate the notion that Obama will have an enormous fundraising advantage over McCain this fall: The Republican National Committee now has $50 million more on hand than its Dem counterpart.

The latest FEC filings show that the RNC raised over $24 million in the month of May alone, and has over $53 million cash on hand. By contrast, the DNC raised only $4.8 million, and has just under $4 million cash on hand -- a paltry amount compared to the national GOP's coffers.

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