11/28/2008 05:12 am ET Updated May 25, 2011

Dems Take Out $10 Million Credit Line To Fund Wave

Hoping to maximize congressional gains, the DNC is taking out a $10 million line of credit to split equally between the House and Senate campaign committees, according to a top Democrat familiar with the move.

The decision to go into the red for the DCCC and DSCC comes as party operatives see more races coming into play, especially in the House. The goal: To take advantage of what is shaping up to be a Democratic wave by picking up as many seats as possible, giving the party a massive governing majority and making it more difficult for the GOP to recapture power in future cycles.

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