RNC brings in $6.7 million last month
July 18th, 2011
08:31 AM ET
3 years ago

RNC brings in $6.7 million last month

Washington (CNN) – The Republican National Committee is touting its latest fundraising figures.

The RNC reports it brought in $6.7 million in June, bringing the amount the party committee raised in the first six months of this year to nearly $37 million under Chairman Reince Priebus, who took over the committee in January.

The RNC reports having $7.3 million cash on hand, with the committee's debt down to $17.5 million.

"Grassroots and major donors continue to come back to the committee," said an email from the RNC to reporters Sunday night. "The committee has raised more major donor money through June of this year than the RNC raised in all of 2009 and 2010 combined."

The RNC saw an exodus of many top contributors during the two year chairmanship of Michael Steele. The RNC was nearly $25 million in debt when Steele was defeated in January for a second term as chairman. Much of that debt was racked up during the 2010 midterm election cycle. The GOP won back the House of Representatives, made major gains in the Senate and also scored big victories in the battle for governorships and state houses last November.

But the RNC figure lags behind what they raised in the first six months of the last cycle, under Steele, and their numbers for the first half of this year are far behind fundraising figures for the Democratic National Committee. The DNC, in coordination with President Barack Obama and his re-election campaign, brought in $38 million in the second quarter and nearly $58 million for the first half of the year.

– Follow Paul Steinhauser on Twitter: @PsteinhauserCNN


Filed under: Fundraising • RNC
soundoff (7 Responses)
  1. The Elephant in The Room

    In a presidential election cycle, that`s it? With the whole party laboring mightily – - since January 22 2009 – - to defeat President Obama [the PREMEDITATION to make him fail, make him a 1-termer, etc.] – - that`s the best they could do?

    Didn`t Michael Steele get fired because of poor fund raising? What gives GOP?

    July 18, 2011 08:49 am at 8:49 am |
  2. Rudy NYC

    The RNC lost donors for a couple reasons that have nothing to directly do with Mr. Steele. Republicans lost donors because of published reports about their spending habits with contributions; ranging from strip clubs, luxury suites, and other excesses.

    More significantly, they lost donors as a result of the "Citizens United" ruling. Those same donors can contribute in private away from public scrutiny. Steele actually did a good job when it came to fund raising in the two years following a general election; a period when donations, like voter turnout, tends to be down anyhow. These GOTP fund raising figures do not tell the whole story.

    July 18, 2011 09:01 am at 9:01 am |
  3. GI Joe

    Why don't they pay off their debt? I guess "debts don't matter" (as usual for republicans).

    July 18, 2011 09:01 am at 9:01 am |
  4. bb

    How much of that is coming from the oil industry, the Koch brothers, the 'Family', FreedomWorks, Wall St. etc.?

    Republicans are mouth pieces for the highest bidder.

    July 18, 2011 09:23 am at 9:23 am |
  5. Rudy NYC

    Didn`t Michael Steele get fired because of poor fund raising? What gives GOP?
    -------------
    Nope. Steele got the hook because of the repeated news stories of campaign donations being used by underlings in ways that were viewed as wasteful. Steele was the fund raiser behind the most successful Republican congressional campaigns of all time for his party.

    July 18, 2011 09:45 am at 9:45 am |
  6. Sandy

    "But the RNC figure lags behind what they raised in the first six months of the last cycle, under Steele, and their numbers for the first half of this year are far behind fundraising figures for the Democratic National Committee."

    How's firing Steele working out for them? They used him to help them get elected in 2010, then they get rid of him. Now he works for MSNBC.

    July 18, 2011 09:49 am at 9:49 am |
  7. Rudy NYC

    As much as disagree with almost everything that comes out of Mr. Steele's mouth, this article paints him in an unfair negative light. He began as RNC chairman overseeing a party that was in debt from the 2008 general election. Steele raised more money in the two years following a general than any other similar time frame following an election. And, he almost oversaw a complete takeover of Congress had it not been for a few Tea Party Senate candidates that were unsuitable for elected office. NV and DE come immediately to mind.

    July 18, 2011 10:01 am at 10:01 am |