Democratic Cong. Campaign C'tees Hit $100 Mil. On-Hand
by Jonathan Singer, Wed Jul 23, 2008 at 04:00:37 AM EDT
With the Republican National Committee and the Democratic National Committee now fully part of the two parties' presumptive nominees' campaign efforts and likely to spend the great bulk of their cash on the race for the White House, I'm splitting off the two national committees from my monthly tally of the finance filings of the parties' congressional committees to write about them instead in tandem with posts on the fundraising of John McCain and Barack Obama. So on their own, here are the latest numbers on the parties' congressional campaign committees:
|Committee||June Receipts||June Disbursements||June Cash-on-Hand||June Debts & Obligations|
Right now the Democratic Senatorial Campaign Committee has close to a 2-to-1 cash-on-hand advantage over the National Republican Senatorial Committee, while the Democratic Congressional Campaign Committee's edge over the National Republican Congressional Committee on the House side is roughly 6.5-to-1. Overall, the two Democratic committees have a 3-to-1 lead in cash in the bank, as well as an astonishing $100 million available.
These numbers again underscore the fact that although the punditry can try to make it seem that the race for control of Congress, or even Democratic efforts to significantly increase their majorities in both Houses, are closer than they actually are, the money race makes it exceedingly difficult for the Republicans to do much to defend themselves this year. Coupled with the generic congressional ballot polling showing the Democrats maintaining a wide advantage within the electorate, these fundraising numbers show again that the Democrats maintain a real opportunity to bring sweeping change this fall -- a situation that can only occur, however, if the party remains diligent and energized through election day.