DNC begins to pay down election-year debt
February 20th, 2013
10:10 PM ET
10 years ago

DNC begins to pay down election-year debt

(CNN) - The Democratic National Committee paid just shy of $700,000 toward its 2012 debt in January while bringing in about $4.4 million from fundraising.

The committee ended the month with about $4.7 million cash in the bank and an outstanding debt of nearly $20.8 million, according to records filed Wednesday with the Federal Election Commission.

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The DNC rounded out 2012 with nearly $21.5 million in debt and only $4.3 million in cash.

Earlier Wednesday, the Republican National Committee announced it raised $6.9 million in the month, ending January with no debt and $7.1 million in the bank.

Filed under: DNC • RNC
soundoff (7 Responses)
  1. mrsahilm

    As a Democrat, I'll admit this made me laugh.

    Dems who are known for raising the debt have a big debt while Republicans had no debt.

    On the other hand, Dems did end up winning.

    Still though, made me laugh.

    February 20, 2013 10:12 pm at 10:12 pm |
  2. Ben Fogel

    Democrats ran up a debt?

    That seems out of character.

    February 20, 2013 10:48 pm at 10:48 pm |
  3. Name lynn

    The democrates made good money with champgain money now what.

    February 20, 2013 11:22 pm at 11:22 pm |
  4. California

    Are they paying for it wit hthe tax increase I received at the begining of the year? $38.00 a week increase, $163.40 a month in taxes more I pay.

    Thanks Obama.

    February 20, 2013 11:39 pm at 11:39 pm |
  5. norma jean

    The debt is their problem but one thing I'd like to ask the Republican party!!!........YOU HAVE FAILED TO TAKE THE PRESIDENCY TWICE NOW AND WITH THE ATTITUDE YOU"ALL HAVE ABOUT WORKING WITH THE DEMOCRATIC PARTY AND THE PRESiDENT...I THINK YOU HAVE A VERY GOOD CHANCE OF LOSING IT A THIRD TIME.....HAVE YOU LEARNED NOTHING???? ......... This is a two party system...the two partys should be working together for the benefit of the entire country!...You have made no effort and didn't get the "PARTY OF NO" title by accident....you earned every bit of it...DO YOU WANT TO TRY FOR THREE?
    You are off to a good start!!!

    February 21, 2013 12:00 am at 12:00 am |
  6. hkirwin

    It only proves one point, the Dims love debt. They manage the country the same way.

    February 21, 2013 07:03 am at 7:03 am |
  7. Name lynn

    Just pay the debt that the democrates you have the money. Dont get crazy an be in the media about money people love it.

    February 21, 2013 07:24 am at 7:24 am |