FORTUNE: The DNC is nearly broke
September 30th, 2013
04:41 PM ET
12 months ago

FORTUNE: The DNC is nearly broke

(FORTUNE) – There's another budget crisis in Washington, and it's unfolding inside the Democratic party. The Democratic National Committee remains so deeply in the hole from spending in the last election that it is struggling to pay its own vendors.

It is a highly unusual state of affairs for a national party - especially one that can deploy the President as its fundraiser-in-chief - and it speaks to the quiet but serious organizational problems the party has yet to address since the last election, obscured in part by the much messier spectacle of GOP infighting.

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Filed under: DNC