September 21st, 2010
08:39 AM ET
11 years ago

Do Democrats have the upper hand in fundraising battle?

[cnn-photo-caption image= caption ="August fundraising numbers have been released by all of the major party committees."]Washington (CNN) - With six weeks to go until election day, the Democratic party faces a tough political climate, but they have more money in the bank than the GOP.

Late Monday the Republican National Committee released their August fundraising figures, hours after their counterpart, the Democratic National Committee, showed their cards.

The RNC says they brought in nearly $8 million last month, but spent just over $8.5 million. The RNC reports having nearly $4.7 million cash on hand, with a debt of nearly $1.2 million.

The amount raked in by the RNC is around $3 million less than the nearly $11 million the DNC brought in last month. The DNC says it has $13.4 million cash on hand as of the end of August, with $8.4 million in debt.

The Democratic Senatorial Campaign Committee says it raked in $7.42 million last month, with $22.9 million cash on hand. The DSCC says it spent nearly $7 million in August. The DSCC's GOP counterpart, the National Republican Senatorial Committee, says it brought in $6 million last month, with $24.5 million in the bank. The NRSC says it spent $2.6 million in August.

The Democratic Congressional Campaign Committee announced it raised $8.32 million. The DCCC says it spent $5.08 million in August and had $39.05 million cash on hand with no debt.

The National Republican Congressional Committee reports raising $6.6 million last month, the first time in four months that the GOP House campaign committee trailed the DCCC in fundraising.

While all three Democratic committees out raised their Republican counterparts, Republican candidates running in November's midterm elections are finding help from outside the party structure.

One example: American Crossroads, an independent organization that's supporting GOP candidates.

The conservative 527 campaign organization, which was launched by a group of influential top Republicans, announced Monday that it raised $14.5 million over the past month, bringing to $32 million the amount its raked in since forming this spring.

–Follow Paul Steinhauser on Twitter: @psteinhausercnn

Filed under: 2010 • DCCC • DNC • DSCC • NRCC • NRSC • RNC
soundoff (21 Responses)
  1. The reality is...

    Does it really matter? Voters have upper hand when it comes to voting.

    September 21, 2010 08:50 am at 8:50 am |
  2. Eric

    Are you kidding me? OH, yeah, the Dems are doing JUST great! Why look at polling on every one of their "accomplishments." I have yet to see any congressional dem running ON their accomplishements.

    Healthcare is so unpopular, Democrats are actually running AGAINST it!

    2010 will be an historical blow out for the history books!

    September 21, 2010 08:50 am at 8:50 am |
  3. Jersey Bob

    As a result of the Citizens United decision by the Supreme Court (5-4, by the way...), it's nearly impossible to tell who has an advantage in funding/spending. And with Republican obstruction of follow-on campaign finance reform requiring clear identification of sponsorship in political ads continuing, viewers can't even figure out who's paying for political advertisements. "People for a Free America." "Citizens Against Waste." "Children for Free Lubnches." HUH?!!?

    September 21, 2010 08:56 am at 8:56 am |
  4. JAB

    Why should either party have debt when their cash on hand exceeds their debt? No wonder our country has massive deficits!

    September 21, 2010 09:10 am at 9:10 am |
  5. stufit

    They certainly do, they can lie at will and their donors are to stoned to know the difference. Today is officially the end of the "summer of prosperity." Will Obozo now declare this the "fall of fallacy" or the "autumn of arrogance." Based on his many contradictory recent statements, he may go for both. That is the beauty when your followers are drug addled or can't think for themselves thanks to the NEA and their union bosses. Your are told to believe him and since you don't know any better, you do.

    September 21, 2010 09:14 am at 9:14 am |
  6. T'SAH from Virginia

    This report DOES NOT mean the RepubliCAN'Ts have less money. They have the 527 Group on their side and they are racking in the money and will spew the hate for the Republicans. They also have other groups raising money.

    This is a direct reflection on Michael Steele!! (Hmm, who paid for his trip to the Islands to campaign for non-usable-votes??)

    DEMOCRATS – make sure the politicians use that money to STATE the CASE – UNITE the BASE so we can WIN this RACE in November, 2010!!

    I am T'SAH – the Liberal – and I approve this message!!

    September 21, 2010 09:14 am at 9:14 am |
  7. Hangar 13

    Apparently the dems plan to campaign on the tale that they aren't really Democrats, and they'll need every penny of their fund-raising superiority to sell that lie. Just wondering – now that we're told the recession ended in June of 2009, well before any of the current administration's policies could have taken effect, are the media going to start calling this the Bush recovery? Or at least it was the Bush recovery, before "something" torpedoed it. Don't hold your breath expecting truth from the media, expect DNC spin.

    September 21, 2010 09:30 am at 9:30 am |
  8. Charlie

    With big business and special interest supporting the democrats it makes it easy to raise large sums of money. Republicans must depend on middle class working Americans for their support.

    September 21, 2010 09:31 am at 9:31 am |
  9. Catering to the Rich

    Of course they do. That's what happens when you further a liberal agenda that caters to unions, oil companies, Wall Street, the rich, and celebrities. And it doesn't hurt that many of them, such as Charlie Rangel, just doesn't pay their taxes.

    September 21, 2010 09:34 am at 9:34 am |
  10. Jill American

    Think how much the DNC would have if the gay community wasn't participating in "Don't Ask, Don"t Give" campaign.

    September 21, 2010 09:43 am at 9:43 am |
  11. Boo-Yah

    If the Republicans say they have less than the DNC, they're hiding something. They are bought by big corporations and they are funding the RNC. It's a shame because it used to be WE the PEOPLE; now it's slowing turning into WE the BIG CORPORATIONS...

    September 21, 2010 09:45 am at 9:45 am |
  12. Ken in NC

    Now I see why our economy is in the dumps. Everyone is sending their money to the crooks with no dividends to be paid. I consider that a bad investment on both sides.

    On the other hand, who am I to complain? I'm a lone voter that's holding on to every bit I can get.

    September 21, 2010 09:50 am at 9:50 am |
  13. Dale

    Democrats/liberals = NWO this group holds all the purse strings and control the federal reserve. So yeah they hold the money that's laundered.... But the people of America have spoken and they see what this new world order is doing to them. This breaking down of America is "by design" the foolish people still believe in the lob's but the masses are changing. We the people will take this country back, by force if necessary.

    September 21, 2010 09:57 am at 9:57 am |
  14. Diane

    The person with the most money to buy their seat will win the election.
    Just ask the lady that's running for governor in California or the lady that's running in New York.

    September 21, 2010 10:07 am at 10:07 am |
  15. Ron in Califonia

    I wonder how much of the money comes from those evil lobbyist and dastardly Corporations the Dems are always demomizing? Wailing on Wall St. probably pays them big bucks. Hypocrites all.

    September 21, 2010 10:10 am at 10:10 am |
  16. malabar

    Odd. i thought all dems were getting evicted and standing in soup lines. guess u cant believe everythng u read in these comments. since the dem party is apparently the party for millionaire elitist out of touch snobs, i have no choice but to vote for the peoples party, R! Thanks 4 clearing thngs up cnn

    September 21, 2010 10:11 am at 10:11 am |
  17. NF

    It certainly helps when union member dues are all going straight to the DNC, even when a union member isn't a Democrat and doesn't want their money going there....

    September 21, 2010 10:12 am at 10:12 am |
  18. King

    The repug gripe on the way obama is running things but they ran and hide when they crashed the economy two years ago because they didnt know what to do. Now obama stepped in and clean up the mess. Now theyre talking smack so why couldnt they stop the catastrophy that they cause.

    September 21, 2010 10:12 am at 10:12 am |
  19. Annie, Atlanta

    We desperately need campaign finance reform (thanks Supreme Court for allowing national and international corporations to sink untold amounts into swaying our elections!). And we need shorter campaign periods. 6 weeks tops. And it would help if the media would just point out what each candidate stands for without the bias. Of course that's not going to happen over at Fox. How is it they can even be considered "news?"

    September 21, 2010 10:16 am at 10:16 am |
  20. Jon Torok

    Is not a lot of the "conservative" money going directly to candidates or tea party funds though? The Tea Party Express sends to be spending a lot of money on candidates.

    September 21, 2010 10:19 am at 10:19 am |
  21. Don

    GOP owns special interest fiund raising. This is a non story.

    September 21, 2010 10:46 am at 10:46 am |