DNC Lags Behind GOP In Fundraising, Ended Year Almost Broke

DNC Lags Behind GOP In Fundraising, Ended Year Almost Broke

For all the success that Democratic presidential candidates have had in raising money -- taking in a combined total of over $500 million in the current race -- the Republicans are beating them in one crucial area of fund-raising: the money being raised by the parties themselves.

The Democratic National Committee ended 2007 nearly flat broke, with cash of $2.9 million and debts of $2.2 million. Since then it has raised some money, paid down debt and managed to put $3.7 million in its piggy bank. This compares, however, with $25 million that the Republican National Committee has in cash on hand, after having raised $97 million since the beginning of 2007.

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