The Democratic National Committee notched record fundraising numbers from Oct. 14 to Nov. 22, according to its report filed today, but also took out enough loans to eclipse its remaining cash.
The DNC raised $15.9 million in the period between the pre-general election filing and the post-general filing. A DNC spokesman said they raised $195.6 million for the whole cycle, saying it's the Democrats' highest total since the campaign finance restrictions imposed by McCain-Feingold.
A spokeswoman said the Republican National Committee raised $164 million in contributions this cycle. It's a sum that RNC officials say is remarkable given they don't control the White House and were in the minority in Congress. Adjusted for inflation, the Republicans raised more than they brought in during the entire 1994 cycle.
Despite good fundraising, the cycle went badly for Democrats: the party lost control of the House and lost six seats in the Senate.
In the same five-week period, the RNC raised less money, $9.4 million, and took out $12.5 million in new loans, enough to outweigh its remaining cash on hand.
The Democrats took out $10 million in new loans and had $9.7 million on hand as of Nov. 22. The RNC had $1.9 million on hand at the end of the filing period. In total, each committee has about $15 million in debt.
The reports show that over the course of the campaign cycle, the RNC spent $206 million and the DNC spent $217 million.
The RNC has faced problems building confidence with major donors this cycle, and donors found other ways to support Republican efforts, giving to other Republican campaign committees and third party groups.
The committee has taken criticism in the last few days over unusually high early spending for its 2012 convention in Tampa, Fla.
This post has been updated since publication.
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From left, Lisa Peng, daughter of Peng Ming, Grace Ge Geng, daughter of Gao Zhisheng, and Ti-Anna Wang, daughter of Wang Bingzhang, hold pictures of their imprisoned fathers during a House Subcommittee on Africa, Global Health, Global Human Rights, and International Organizations hearing in the Rayburn House Office Building titled “Their Daughters Appeal to Beijing: ‘Let Our Fathers Go!’”
Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club.