A Slow Fundraising Start for 2010
by Jonathan Singer, Sat Mar 21, 2009 at 10:46:30 AM EDT
On the House side of the ledge, the Democrats far outpaced the GOP:
Democratic Congressional Campaign Committee reported raising $3.5 million and the National Republican Congressional Committee took in $2 million in February, according to reports that the two House campaign organizations filed on Friday with the Federal Election Commission.
The DCCC, which is defending a Democratic majority that presently includes 254 seats (there are three vacancies in Democratic-held districts), spent $2.6 million in February and began this month with $2.9 million left to spend. The NRCC spent $1.3 million and had $1.9 million cash-on-hand.
The Senate fundraising numbers look much closer:
The National Republican Senatorial Committee will report that it raised $2.87 million in February, matching its Democratic counterpart in fundraising while using much of the money to pay down its debt.
The Democratic Senatorial Campaign Committee also raised $2.87 million, ending the month with $3.7 million in its campaign account. It still holds $10.9 million in debt from last cycle and didn't pay any of it off over the past month.
The NRSC now has $1.05 million cash on hand at the end of February, with $2.7 million outstanding in debt. Last month, the committee held more than $4 million in debt. The NRSC's fundraising total is up significantly from last month, when it raised just $1.8 million.
On the national numbers, the GOP came out on top:
The Democratic National Committee raised $3.2 million in February, a strikingly low take for a financial juggernaut led by President Barack Obama and his legions of grass-roots supporters who helped him shatter campaign fundraising records.
Even the committee's Republican counterpart raised more -- $5.1 million -- last month and did so under more difficult circumstances. The GOP was coming off of a disastrous election in which it lost the White House and saw its numbers in Congress shrink further. New GOP chairman Michael Steele also had a rocky start.
The DNC reported $8.6 million on hand and $7 million in debt, while the RNC reported $24 million in the bank and no debt.
The DNC numbers aren't entirely surprising given that party chairman Tim Kaine was not fundraising while the Virginia legislature was in session, as well as the decision not to hold a fundraiser featuring the President until this month. I wouldn't be at all surprised to see a significant difference on this front when the March numbers are released.