DSCC Leads in Cash on Hand
While the National Republican Senatorial Committee slightly outraised its Democratic counterpart in the first three months of the year, the Democratic Senatorial Campaign Committee ended March with a considerable cash-on-hand advantage.
The DSCC raised $9.5 million in the first quarter of 2005 — $5.2 million in March alone — its best financial start yet to a nonelection year since the elimination of unregulated soft money. The committee ended the period with more than $5.6 million left in the bank and no outstanding debt.
“We’re getting support from across the country — from big donors and small and even from a good number of Republicans, all of whom realize that balance in government is essential,” DSCC Chairman Charles Schumer (N.Y.) said in a statement.
The party’s ability to keep pace “reflects just how much energy is behind Democrats right now,” DSCC spokesman Phil Singer added.
The NRSC, meanwhile, raked in $9.8 million in the early part of this year. But the committee closed the quarter with just $2.4 million in the bank. The NRSC spent $6.9 million in February alone.
NRSC spokesman Brian Nick said the committee will increase its available cash this quarter with two major upcoming events. A fundraiser is planned later this month at the home of Senate Majority Leader Bill Frist (R-Tenn.) featuring President Bush, and the President’s Dinner, an annual joint House/Senate GOP fundraiser, is scheduled for June 14.