DCCC Tops NRCC in Oct. Fundraising, Has Three Times the Cash
The Democratic Congressional Campaign Committee outraised its GOP counterpart, the National Republican Congressional Committee in the month of October, according to disclosures by both parties.
The DCCC will report raising $3.8 million last month, compared to $3.4 million for the NRCC. That’s about the same amount both committees pulled in at the same point in the 2007-08 cycle, despite the fact that the economy has soured significantly since then.
However, like the NRCC, the DCCC spent more than it took in — $4 million total in disbursements. A big chunk of that went to the hotly contested Nov. 4 special election to replace Rep. John McHugh (R) in New York’s 23rd district. The DCCC reported $1.1 million in independent expenditures, total, on the race, which its candidate, Bill Owens (D), narrowly won.
The DCCC still has more than three times the cash-on-hand as the NRCC, with $14.5 million in the bank, and $3.3 million in debt. The NRCC will report $4.2 million cash on hand and $2 million in debt.