Congressional fundraising at the national level
After the visit from Chris Van Hollen, (head of the Democratic Congressional Campaign Committee), several people asked me about how the DCCC fundraising efforts are going. The answer: they’re crushing their Republican counterpart.
Less than 15 months from Election Day, the House Republican campaign arm — the National Republican Congressional Committee — continues to effectively run a negative balance. The committee has just $1.97 million in its accounts, as of July 31, according to FEC reports it filed this week. But the NRCC is also sitting on a debt of $4.1 million.
(snip)
On the other side of the aisle, the Democratic Congressional Campaign Committee is awash in cash. It has $21.3 million in its accounts, for a better than 10 to 1 cash edge over the NRCC, and it has out-raised its GOP counterpart through July. The DCCC raised more than $40.5 million so far this year. The Democratic committee has $3.5 million in leftover debt from 2006, which was down from $9.3 million at the end of last year.
The story is much the same with the Senate Congressional Committees:
On the Senate side, things are also bleak for Republicans but their long-term financial standing looks a little brighter. The NRSC has just $6.5 million cash on hand, but it has no debt. That means that every dollar collected from here on out can go toward 2008 races. Still, the GOP’s Senate campaign arm has been out-raised nearly 2 to 1 by the Democratic Senatorial Campaign Committee: The NRSC brought in $18.1 million through July, compared to $34.5 million for the DSCC.
The DSCC is sitting on $20.6 million in its accounts. It has $4 million in debts from last year’s campaign.
It continues to look as though the Democrats will pick up seats in both houses in 2008.
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This IS good news. Looks like we may not need that Revolution afterall. I was kinda lookin forward to it though, aah?
[...] already detailed the massive fundraising advantage the Demoratic Senate and House campaign committees have over their Republican counterparts. The [...]