Huffpost Politics

Democratic National Committee Raises $9 Million, Cuts Its Debt To New Low

Posted: Updated:
DEBBIE WASSERMAN SCHULTZ
HOLLYWOOD, FL - JANUARY 06: Rep. Debbie Wasserman Schultz (D-FL) speaks during a press conference to speak about the Affordable Care Act during a Hispanic Unity event at Casa Sanjuan Education Centeron January 6, 2014 in Hollywood, Florida. She was joined by people who have signed up and now have insurance under the Affordable Care Act. (Photo by Joe Raedle/Getty Images) | Joe Raedle via Getty Images

WASHINGTON (AP) — The Democratic National Committee raised $8.9 million last month and cut its debt to a new low this election cycle, according to a financial report summary released Tuesday.

The DNC said it reduced its debt to $8.7 million in April, down from a high of almost $23 million. The committee has $7.9 million in the bank.

Full reports to the Federal Election Commission will show that most of the debt is owed to political vendors, such as advertisers, contractors and consultants, the DNC said.

The DNC said it is on track to be clear of debt to banks. The DNC paid off almost $4 million it owed in April and has paid off another almost $2 million this month, which won't be reflected in the latest report.

The Republican National Committee has not yet released its April fundraising numbers. It raised $10.2 million in March and went into April with $12.3 million in the bank. The RNC has been without debt since mid-2013.

The campaign filings came as six states held primary elections to determine party candidates for November's midterm elections, when control of the U.S. Senate is at stake.

Also on HuffPost:

Close
Unfortunate Politician Names
of
Share
Tweet
Advertisement
Share this
close
Current Slide

Suggest a correction