RNC fundraising makes dent in debt
April 12th, 2011
04:26 PM ET
4 years ago

RNC fundraising makes dent in debt

Washington (CNN) - The Republican National Committee raised more than $7 million last month, but is still saddled with a debt of more than $19 million from the 2010 midterm election cycle.

The RNC brought in $7.014 million in March, a big step up from $5.2 million in February, according to party committee officials. The RNC has $3.2 million cash on hand, with a debt of $19.764 million, down from more than $21 million the previous month.

RNC Chairman Reince Priebus, who was elected in January, has repeatedly said that mission number one is to pay off the committee's debt and prepare the RNC for the 2012 presidential election. Previous Chairman Michael Steele was widely criticized for his lack of attention to fundraising.

"The chairman's priority has been restoring relationships with major donors who had left the committee in past cycles to bring money in the door so we can be a partner to our Republican presidential nominee," RNC spokesperson Kirsten Kukowski tells CNN. "The committee's first quarter numbers shows his work is paying off – he has raised more major donor money in the first quarter of 2011 than the first quarters of 2009 and 2010 combined."

The Democratic National Committee has not yet released its March fundraising figures. In February the DNC brought in $6.9 million, with $10.5 million cash on hand, and a debt of around $17 million.


Filed under: Reince Priebus • RNC
soundoff (16 Responses)
  1. Kelly

    Isnt funny how the RNC is riddled in debt just as our country usually is after a republican president. Maybe they should get their house in order before they start to dictate other organizations.

    April 12, 2011 04:35 pm at 4:35 pm |
  2. Wire Palladin, S. F.

    Time for the Kochs, big corporations, and foreign corporations to make their next installment on buying the republican party. Everyone knows that the cheap right wingnut baggers throw nickels around like they are man hole covers.

    April 12, 2011 04:35 pm at 4:35 pm |
  3. grrace

    Still in the RED? Isn't THAT where the RNC belongs? Because we simply cannot have zealots running the country, and everyone knows it.

    April 12, 2011 04:36 pm at 4:36 pm |
  4. barb

    RNC in debt? And they have all the answers to get the country out of debt? Perhaps they need to give the wealthy another tax cut and the RNC will rake in enough to pay their debt! Scratch my back and I'll scrath yours!

    April 12, 2011 04:36 pm at 4:36 pm |
  5. ConservaFascists/FUBAR

    Hey Priebus, can we take a look at your donors?

    April 12, 2011 04:36 pm at 4:36 pm |
  6. Rickster

    "The US budget deficit shot up 15.7 percent in the first six months of fiscal 2011, the Treasury Department said Wednesday."
    --------------------------
    Get these idiot democrats out of office while we still have a country left.

    April 12, 2011 04:37 pm at 4:37 pm |
  7. gt

    both parties are bad as t v evangelist asking for more money.....sad...

    April 12, 2011 04:37 pm at 4:37 pm |
  8. DIANA

    That's too funny, they have to have a fundraiser to get out of debt. Maybe they're saving up for another strip club conference.

    April 12, 2011 04:46 pm at 4:46 pm |
  9. Proud member of "Global Zero"

    This is a great example to run the country. People, wake up!!! You have idiots running this party. You have extremist running for political office. They can't even balance a check book. G_d help us if they get any more power.

    April 12, 2011 04:48 pm at 4:48 pm |
  10. Wire Palladin, S. F.

    Do the tax refunds have any bearing on the deficit?

    April 12, 2011 04:50 pm at 4:50 pm |
  11. The Situation

    OKAY! So this, the party of no can't even manage their own house finances and now wants to run America finances again! Yeah Right!

    April 12, 2011 04:55 pm at 4:55 pm |
  12. grrace

    Yeah, I'm cryin' in my beer over low RNC fund raising. Hey, RNC...maybe you should CUT. YOUR. BUDGET.

    April 12, 2011 04:56 pm at 4:56 pm |
  13. sammieb51

    This should be a clue to their constituents - they can't handle their own money and they claim they have solutions for handling yours? They are showing you who they are .... listen up folks ....

    April 12, 2011 05:08 pm at 5:08 pm |
  14. T'sah from Virginia

    After they pay the debt the Presidential race will be OVER – President Obama and Vice President Biden would have once again prevailed!!! Yes We Can!!

    April 12, 2011 05:15 pm at 5:15 pm |
  15. Russ

    And who wants these idiots to propose a budget? They can't even balance their campaign budget of a few million, how do they plan on really doing anything about a 14 trillion dollar problem.

    April 12, 2011 06:31 pm at 6:31 pm |
  16. T'sah from Virginia

    @Four and the Door NEXT DOOR <<<<-----–
    The private sector picked up over a million jobs since President Obama took office AFTER Bush left!!! I know deep down in your heart YOU truly do not believe the TAX CUTS were responsible for the jobs added since February????????!!!!!! The HIGHEST was 10.6 under Obama and now it's 8.9 – so you're saying it dropped almost 2 whole points since the extension of tax cuts this year???? Give me a BREAK!!

    Tax Cuts have been in place for the past 10 years – it LOST jobs NOT created them. The RNC is in debt NOW which proves further the Republicans do not know how to balance a BUDGET!!!

    April 12, 2011 06:33 pm at 6:33 pm |