DNC has worst fundraising month in a decade

The Democratic National Committee, in dire financial straits due to lackluster fundraising this year, had its worst August raising money in a decade. Figures reported to the FEC on Wednesday night show not only a major drop-off in cash for the Democrats, but also a substantial increase in the party's debt. Washington Free Beacon: The DNC raised just $4.4 million last month, the second lowest August fundraising figure for the party in the past decade. The party had less cash on hand at the end of the month than it did at the beginning, as its spending outpaced its fundraising by $44,575. And it gets worse. The DNC's debt substantially increased from $3.4 million to $4.1 million, a figure equal to about 60 percent of the committee's total cash on hand. Party officials predicted in August that DNC fundraising figures would start to turn around, explaining that its fundraising staff was ten times bigger than it had been...(Read Full Post)

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