(CNN) – The Democratic National Committee has $13.2 million in the bank and carries a debt of $4.7 million heading into the midterm elections, a DNC official tells CNN.
The DNC raised $4.4 million in December, $2.2 million less than the Republican National Committee during that same time period. Democrats hold a $4.8 million cash-on-hand advantage over Republicans, but when the DNC's debt is factored in, both committees head into the 2010 election cycle on just about equal financial footing. The RNC has $8.4 million in the bank.
The DNC official noted that it does not accept donations from lobbyists or political action committees, while the RNC does take those contributions.