DNC Lags Behind GOP In Fundraising, Ended Year Almost Broke
NY Times | LESLIE WAYNE | March 7, 2008 10:08 AM
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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