Record DSCC Fundraising Staved Off Bigger Losses

Posted December 3, 2010 at 10:38am

The Democratic Senatorial Campaign Committee raised more money this cycle than in any other midterm election cycle, according to post-election numbers released by the party, but far less than in the 2008 cycle.

The DSCC raised $127 million through Nov. 22, including $19.9 million from Oct. 14 to Nov. 22. The committee spent $33 million in that time span. It slightly outraised and outspent the National Republican Senatorial Committee, which raised $19.4 million during the same period and spent $30.8 million, according to figures released by the committee.

Meanwhile, the NRSC increased its fundraising from the 2008 cycle,  bringing in $112.3 million through Nov. 22. Republicans picked up seven Democratic seats — six on Election Day and the Massachusetts seat won by Sen. Scott Brown (R) in a January special election to fill the vacancy left by the late Sen. Edward Kennedy (D).

The DSCC credits its fundraising and late spending with helping the party keep its general election Senate losses at six seats, with several vulnerable incumbents holding on in difficult races, including those in Colorado, Nevada and Washington.

DSCC Executive Director J.B. Poersch said the committee “broke several fundraising records this cycle — demonstrating a continued commitment from Democrats to prevent a return to the failed policies of the past.”

NRSC Executive Director Rob Jesmer said his committee’s investments “paid off as we turned the tides and captured seven new Republican seats this cycle and elected 13 new Republican Senators on Election Night.”

The NRSC has some $519,000 left in the bank with $6 million in debt. The DSCC has about $713,000, and had $6.7 million in debt as of Nov. 22.