January 29th, 2010
10:33 AM ET
12 years ago

House GOP debt free, but trails Democrats in money race

Washington (CNN) – The National Republican Congressional Committee has erased a $2 million debt and starts the new year with about $2.7 million in the bank, according to a report that will be filed Friday with the Federal Election Commission.

The NRCC's political counterpart, the Democratic Congressional Campaign Committee, holds a significant cash advantage over the GOP with $17 million in the bank heading into the 2010 election.

The NRCC will report raising more than $3.2 million last month, while spending about $4.9 million. Of the $4.9 million, $2 million was used to clear the committee of its debt.

Filed under: DCCC • NRCC
soundoff (26 Responses)
  1. If you want something ruined, put a republican in charge

    You would think with all the money from big business to support them against the people, they would have a lot more money. It will be interesting to see how much of republican money comes from foreign interests.

    January 29, 2010 10:39 am at 10:39 am |
  2. Future expat

    Don't worry, GOP! You have millions and millions of dollars of FREE SPEECH headed your way courtesy of your pal J-Rob.

    January 29, 2010 10:40 am at 10:40 am |
  3. Randolph Carter, I'm no expert, but...

    No worries, repubs. In light of the recent supreme court ruling, those corporate donations will start rolling in soon. I can't wait to see the campaign ads this fall. Now your lies and fear tactics will have much better production values. Have a nice day!

    January 29, 2010 10:40 am at 10:40 am |
  4. Reagan raised taxes and tripled the debt.

    Looks like the Corpocracy isnt going to lose any money on the chumps by filling their bags any time soon.

    January 29, 2010 10:41 am at 10:41 am |
  5. Sniffit

    What happened to all that outstanding debt Hillary incurred in the primaries? That paid back, who paid it if it was?

    January 29, 2010 10:54 am at 10:54 am |
  6. Johnny DC

    How many times is the CNN ticker going to report this exact same story? We get the point. The GOP has less funds available than the Democrats, but is also debt free. We get it. Move on.

    January 29, 2010 11:01 am at 11:01 am |
  7. Gale

    And the Democrats whine about how rich the Republicans are! Yeah, right!! And they still lost the Senators race in Mass.!

    January 29, 2010 11:07 am at 11:07 am |
  8. About time

    dems, start putting that cash advantage to use, early. define your candidates immediately once they start voting NO on...

    1) pay as you go
    2) jobs bills for middle class
    3) bank fee to recoup OUR MONEY
    4) consumper protection agency

    and trust me......the repugs WILL vote NO

    January 29, 2010 11:08 am at 11:08 am |
  9. Bill NY

    Don't worry NRCC your good pals in the Supreme Court just opened the bank vaults for you.

    January 29, 2010 11:10 am at 11:10 am |
  10. George Guadiane - Austerlitz, NY

    RNC / DNC engaged in fund raising instead of looking to the future of THE COUNTRY, I'd say that THAT ALONE is enough of an indication that we need Campaign Finance Reform.

    Having said that, as UNHAPPY as America is with Congress as a whole (less than 20& favorable), and as much as Republicans try and paint a picture of Democrats as "on the way back out," the fact that the DNC has raised more funds would SEEM (to me) to be an indication that when America "speaks" (with money), they STILL distrust/dislike Democrats less.

    January 29, 2010 11:11 am at 11:11 am |
  11. psgmichigan

    No, this can't be correct. I just heard Michael Steele tell a reporter that the R's have more money than the Dems, because, "I'm in charge of fundraising". When the reporter tried to correct him, Steele said "You had better check your facts, because you have been wrong before". Maybe Steele has spent too much time enjoying the weather of Hawaai.

    January 29, 2010 11:17 am at 11:17 am |
  12. Libertarian

    Both parties need less time fundraising and more time working!! Raising more funds than someone else is nothing to brag about. It just means you're more in-debt to a lobbyist group. Those debts are always paid back in blood....usually every-day-American's blood.

    January 29, 2010 11:19 am at 11:19 am |
  13. Gary

    That will change quickly, now that the Supreme Court has opened the floodgates of Corporate free money, I mean Speech. Republican Fat Cats couldn't be happier.

    January 29, 2010 11:26 am at 11:26 am |
  14. Minnesotan

    The Republicans aren't making as much money as they used to because intelligent people realize that they're way out in delusion-land. The under-educated, however, will still be swayed by the GOP lies and the fabricated 'horrors' of liberalism on FoxNoise.

    January 29, 2010 11:27 am at 11:27 am |
  15. Thank you Massachusetts

    But Mark, you don't tell us if the Democrats have a debt they still owe. Oh, right, debt is of no consequence to them.

    January 29, 2010 11:43 am at 11:43 am |
  16. anotherGDlefty

    Well at least the campaign folks can balance a budget and be debt free.......

    What happens to the people they get elected though is a different story..............

    January 29, 2010 11:56 am at 11:56 am |
  17. Gross Domestic Product Is UP

    5.7 %

    Looks like the stimulus worked.

    January 29, 2010 12:02 pm at 12:02 pm |
  18. Hugo

    The bribes continue to flow...
    Was not the Supreme Courts decision actually just an offset to the Union and lobbyist funds that the Democrats rake in? Is that the true reason that Obama was so vocal during the SOTU address, he actually may be out funded in 2012?

    January 29, 2010 12:04 pm at 12:04 pm |
  19. T'SAH from Virginia

    That's because the GOP is spending it all on LYING ON TV to get USELESS points across!!

    What happened to "YOU LIE's" money??? goodAndPAWLENTY just raised $1.3 million – is that included??

    January 29, 2010 12:05 pm at 12:05 pm |
  20. Franky, Land of Lincoln

    I think what surprises me more is the fact the GOP are raising dough more than ever before. Remember when the Dems were nearly doubling theirs than the GOP? It happened for a good amount of time too but as time moved on, they are playing their cards effectively well...good.

    I mean, come on, the Dems should raise more than that. Isn't it the "Standards of Society?" 🙂 Is no excuse, they should raise more but they aren't. Which just proves my point in the end.

    I've betrayed them, the Dems. So far, they are not only discouraging me on the direction of the country but are embarrassing me for what I have said about them 8+ months ago. I deeply regret it.

    And for the record, I've betrayed them for nearly over 2+ months so is really not news for me. What can I say, I am sexy...but the GOP can have me, I belong to them.

    January 29, 2010 12:08 pm at 12:08 pm |
  21. jane

    This proves the point that Republicans are good at campaigning and terrible at governing, given the fact that they gutted our treasury and left us near economic collapse in the previous administration.
    And this was after having been handed a balanced budget by the Clinton administration!

    January 29, 2010 12:08 pm at 12:08 pm |
  22. Michelle

    it must be nice to have cash to throw at campaigns and PACs. I thought we were in a serious recession?

    January 29, 2010 12:14 pm at 12:14 pm |
  23. southerncousin

    Republicans don't have all that money fat, slobby, lazy union bosses skim from the pay checks of those they are supposed to be representing. Republicans are forced to raise money from those who can actually think for tthemselves and the way the NEA dumbs down Americans and Obama gives them more money to do it, it becomes harder.

    January 29, 2010 12:22 pm at 12:22 pm |
  24. Darth Vadik, CA

    The Ultra-Conservative Supreme Court made sure that the Republicans will have more money than Democrast in the months to come.

    Great job Republicans, first you let Wallmart come into little towns and destroy them, now you will have Wallmart making laws too.

    Great thinking, you are now the equal of a parasite. First you kill the host, and then ou die too. Maybe that should be the new Republican slogan.

    January 29, 2010 12:22 pm at 12:22 pm |
  25. Theresa, ME

    Steele vs Obama = Steele Not Able To Do The Job

    January 29, 2010 12:23 pm at 12:23 pm |
1 2