DCCC Cash Haul Continues Unabated
The Democratic Congressional Campaign Committee raised $17 million in the second quarter of 2007, including a little more than $10 million in June alone, soon-to-be released fundraising reports will show.
The DCCC ended last month with $19 million in the bank, a stark contrast to the $8.5 million cash-on-hand figure it showed at the end of June 2005, when Democrats were in the minority.
Second-quarter totals for the National Republican Congressional Committee were not available Wednesday. The campaign committees’ monthly reports on June fundraising activities are due to be filed with the Federal Election Commission on July 20.
The NRCC ended May with $1.8 million in the bank, a figure that does not reflect the estimated $7.9 million the NRCC raised through the President’s Dinner on June 13. The bulk of those funds is expected to be reflected in the July report.
DCCC Chairman Chris Van Hollen (Md.) said Wednesday he is pleased the committee’s fundraising targets are on track and took the opportunity to gently nudge the NRCC, which has lagged behind its Democratic counterpart in overall fundraising this cycle.
“They did make a big all-hands-on-deck push,” he said. “We would expect to see this be a good quarter for them.”
Van Hollen attributed the uptick in fundraising not only to his party’s new majority status, but also to a re-energized base of grass-roots supporters still basking in the glow of Democratic victories in November.
So far this cycle, the DCCC’s online fundraising totals are triple what they were at this same point in 2005. Similar success is being reflected in the fundraising totals for the 2008 Democratic presidential frontrunners.
“Clearly energy and commitment is on the Democratic side,” Van Hollen said.
The DCCC’s second-quarter haul was slightly less than the committee’s first-quarter $19 million take. However, the committee has now paid down its remaining loan debt from the 2006 cycle to $3.7 million and showed $4 million in overall debt as of June 30.
For the cycle to date, the DCCC has raised $36 million. By comparison, the committee had raised $38 million total through the end of July 2006.
Meanwhile, the National Republican Senatorial Committee also made its June fundraising numbers public Wednesday.
The NRSC raised $3.3 million in June, bringing the three-month total to almost $8.6 million. The committee ended June with $5.5 million in available cash and no debt.
The Democratic Senatorial Campaign Committee, which has held a robust cash-on-hand advantage over the Republicans so far this election cycle, had not released its June fundraising figures by press time Wednesday.