Megan Henney of Fox Business –
The cash-strapped Democratic National Committee spent more money than it raised in the first four months of 2019 as it prepares for the 2020 presidential according to a new report from Bloomberg.
By the end of April, the DNC had collected contributions of $24.4 million, but spent $28.4 million, Bloomberg reported. It had $7.6 million cash on hand and posted $6.2 million in debt, including bank loans and unpaid invoices to vendors.
Comparatively, the Republican National Committee has about $34.7 million in the bank — and no debt. It raised about $61.8 million so far this year, more than double that of the DNC, according to Federal Election Commission records.
It also outraised the DNC during the 2018 midterm election cycle. The RNC fundraised and spent about $325 million, while the DNC raised and spent closer to $176 million, according to the Center for Responsive Politics.
But FEC records show this phenomenon isn’t actually that unusual.