After three months of prodigious fundraising this year, House Democrats and Republicans both carry the same amount of debt — about $8 million — at the start of the 2012 election cycle.
The Democratic Congressional Campaign Committee announced Thursday morning that it had cut its debt by more than half in the past three months, down from $19.5 million in the red at the beginning of the year. House Democrats’ chief campaign arm also raised slightly more than its GOP counterpart, bringing in $19.6 million over the course of the first three months of the year and reporting $4.6 million in the bank.
The National Republican Congressional Committee, however, has almost twice that amount on hand with $9 million in its cash reserve, according to a committee spokeswoman. The committee raised $18.1 million during the first quarter.
Rep. Elijah Cummings, D-Md., right, hugs Harold Schaitberger, General President of the International Association of Fire Fighters, after the Congressman spoke at the IAFF's Legislative Conference General Session at the Hyatt Regency on Capitol Hill, March 9, 2015. The day featured addresses by members of Congress and Vice President Joe Biden.