Major Donors Lift Democratic National Committee: Campaign Update
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The Democratic National Committee raised $8.5 million in June, spent $7.5 million, and ended the month with $9.3 million cash on hand according to its latest filing with Federal Election Commission.
After two straight months of deficit spending, the DNC was in the black for June, but still carries debts of $5.7 million including loans and unpaid invoices to vendors. The Republican National Committee, which is due to file on Saturday, said it had $43.5 million in the bank at the end of June and no debts. The president’s party usually has a financial advantage, especially while the opposition is focused on choosing its nominee.