RNC Surpasses Major Donor Goal Under New Chairman
Updated: 11:26 p.m.
The Republican National Committee raised $5.7 million in January, and new Chairman Reince Priebus said Sunday that $3.5 million of the total came in after his election Jan. 14.
“We owe a lot of our success to major donors who helped us reach 180 percent of our monthly major donor goal, and we were able to accomplish that in the last two weeks of January,” Priebus said in a statement. “I am thankful for the outpouring of support I’ve seen over the past month, from both long-time and first-time donors, but we have a lot of work to do.”
Priebus has been working to restore confidence among major donors and dig out from under the debt created during the 2010 election cycle. The RNC had $21.4 million in debt and only $2.1 million on hand by the end of the month, according to disclosure forms filed Sunday to the Federal Election Commission.
Because the RNC is still receiving bills from vendors, Priebus said he expects the committee’s debt to be more than $22 million, including $15 million in loans and more than $7 million to vendors.
The Democratic National Committee, meanwhile, raised $7.2 million in January and had $16.8 million in debt, including $15 million in loans taken out during the 2010 election cycle. It had $9.1 million on hand.
Each campaign committee is required to file monthly fundraising reports to the FEC, and reports for January were due Sunday.