NRCC Ends 2008 $6.5 Million in Debt
The National Republican Congressional Committee ended 2008 with $6.5 million in campaign debt, according to year-end fundraising data due to be filed with the Federal Election Commission on Saturday.
The committee raised $1.55 million and spent $1.78 million in the period from Nov. 25 to Dec. 31. The NRCC will report having $760,000 in cash on hand as of Dec. 31.
The NRCCs debt is vastly less than that from the 2006 cycle, when the NRCC was at least $18 million in the red. The NRCC also endured an embezzlement scandal surrounding their former treasurer in the 2008 cycle, which further added to an already toxic fundraising environment for Republicans.