Fox News:
The Republican National Committee keeps building its cash
advantage over its Democratic rivals, strengthening the party’s
position going into the election year – with the latest monthly reports
showing the DNC with a major debt, while the RNC has accrued a $20M war
chest.
The Republicans announced last week that they had raised $8.7 million
in October, which they say broke a record for presidential off-year
fundraising record.
“With just under a year until Election Day 2016 we’re seeing great
enthusiasm for the GOP,” RNC Chairman Reince Priebus said in a press
release.
Figures show the Republicans now have over $20 million cash on hand,
with only $1.8 million in debts owed. The RNC has raised a total of
$89.3 million to date in the current election cycle.
The figures stand in stark contrast to the DNC, that has only $4.7
million cash in hand, with $6.9 million in debts owed, putting the DNC
in the red, according to FEC figures. According to the Center for
Responsive Politics, the Democrats have so far raised $53.2 million this
election cycle, significantly less than their Republican counterparts.
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