Republican National Committee closes July with just $5 million on hand

[alp227]

The Republican National Committee spent twice as much as it raised in July, leaving the committee with just over $5 million on hand with less than three months left before the 2010 midterm elections.

In a report filed with the Federal Election Commission this evening, the RNC showed $5.5 million raised and more than $11 million spent -- including $1.5 million in transfers to state party committees -- last month. The committee ended July with $5.3 million in the bank and $2.2 million in debt.

The Democratic National Committee raised and spent $11.6 million in July, including nearly $4 million in transfers to state parties. The DNC ended the period with $10.8 million. The DNC had $3.5 million in debt.

The dismal report comes less than a month after RNC Treasurer Randy Pullen accused Chairman Michael Steele of hiding $7 million in debts; the RNC filed amended reports in July detailing $3 million in previously unreported debts.

(Links repressed here; for the full story and links to sources, the full story is

http://voices.washingtonpost.com/thefix/republican-party/republican-national-committee-2.html)

[AlinPA]

1. There is plenty of money on the way. Corporations can give them unlimited amounts now. They will

have it when they need it. Hundreds of millions.