October 6th, 2010
01:45 PM ET
8 years ago

A $15 million line of credit for DNC & RNC

(CNN) - Heading into the crucial midterm elections, the two national political party committees have opened substantial lines of credit that will allow them to draw on millions of dollars to help pay for last minute campaign activities including get-out-the-vote operations.

The Republican National Committee and the Democratic National Committee have each taken out $15 million line of credits, officials with both organizations confirm to CNN.

While RNC Chairman Michael Steele has been criticized for the committee's lack of fundraising, the GOP is on the offense and has its eyes on taking back control of the House as well as picking up several seats in the Senate. The RNC just added another $5 million to its line of credit that had been $10 million.

"This is the result of an election map that continues to expand and means we will be even more engaged in more key races in more states," said RNC spokesman Doug Heye. "Make no mistake, we are on offense, the Democrats are on defense."

Heye dismissed talk that the line of credit was needed because of the RNC's failure to raise sufficient funds. "We have seen our fundraising numbers increase in the month of October," Heye said. "The stakes are too high not to use every resource we can for victory in November."

A few blocks away on Capitol Hill, officials at the DNC are using their line of credit to help bolster Democrats across the country and limit the party's losses in November. "We have raised over $180 million this cycle and committed a historic amount toward the midterms," said a DNC official. "And we are going to make sure we have the resources that we need to win."

Reid Wilson, editor of the Hotline, was the first to report the DNC and RNC opening the line of credits.

Filed under: 2010 • DNC • RNC
soundoff (6 Responses)
  1. Sniffit

    This makes a story, but the DNC breaking a record for raising $16M in September got swept under the rug. DEFEND THE NARRATIVE, right CNN?

    October 6, 2010 01:53 pm at 1:53 pm |
  2. diridi

    do not give a dime to GOP thugs....arrest Rush Limbaugh, the bastard....this nation will gain....o.k...Karl Rowe and Rush Limbaugh do not have brain...their brain is full of skit.....

    October 6, 2010 02:04 pm at 2:04 pm |
  3. stufthis

    What amazes me most, is that Americans new feel that republicans should be put in charge because they will be different this time. That is like saying, "a pedophile can be cured." Republicans will sell their soul to the highest bidder.

    October 6, 2010 02:21 pm at 2:21 pm |
  4. Annie, Atlanta

    I need to make a comment here about an earlier post that is now closed to comments, where Rush Limbaugh called the President a "jackass."

    When are Limbaugh's followers going to realize that this man makes over $40 Million dollars a year saying things outrageous enough to keep said followers very angry, full of hate, and coming back for more, in order to keep those tens of millions of dollars flowing directly into his pocket? And CNN, why would you post what this over-inflated greedy hate-filled SOB has to say? Maybe you could help in toning down, instead of ramping up, the hate? No? Hate for profit just leaves a bad taste.

    October 6, 2010 02:27 pm at 2:27 pm |
  5. stufthis

    The republican/baggers need little help from the small donors, as they get unlimited financial support from billionaires, foreign billionaires, China, Saudi Arabia, Wall Street, big insurance. The one thing they all have in commons is that they want to destroy our government.

    October 6, 2010 02:29 pm at 2:29 pm |
  6. Claudia, Houston, Tx

    Republicans like Newt Gingrich are using code language which is very divisive and dangerous. As an American, I want it stopped now and you should also. This is down right ugly and there is no place in politics for this, we have military men and women serving and dying for this country every day because they are honorable and brave and not using "code" words to degrade one another. STOP THIS NEWT AND STOP IT NOW.

    October 6, 2010 02:39 pm at 2:39 pm |