The second quarter numbers from the Democratic Congressional Campaign Committee and the National Republican Congressional Committee are trickling in, and folks they don't augur too well for GOP hopes of retaking the House of Representatives any time soon. Josh Kraushaar has the details for The Politico.
The Democratic Congressional Campaign Committee outraised the National Republican Congressional Committee for the second straight quarter, and has nearly 10 times the cash on hand of its Republican counterpart.NRCC Chairman Tom Cole (R-Okla.) announced Thursday that the committee raised between $13 million and $14 million for the second quarter, and had around $2 million cash on hand at the end of June.
Meanwhile, the DCCC raised about $17 million for the quarter, and banked $19 million at the end of June.
Reports seem to indicate that both party committees are holding debts in the neighborhood of about $4 million, or slightly more.
One cannot understate just how remarkable these numbers are. Judging by these initial reports and crosstabulating with official numbers from April and May, it seems that the DCCC outraised the NRCC by roughly a $10.2 million to $5.5 million spread during June -- an achievement made all the more impressive by the fact that the NRCC benefited from having a presidential fundraiser last month that provided a one-time boost to their haul of cash.
At the same time, the NRCC seems to be burning through cash at an astounding rater, particularly in comparison with the relatively more frugal DCCC. Again, if I'm reading these numbers correctly the NRCC spent nearly every cent of the roughly $5.5 million it brought in this last month. Although a large portion of this sum went towards paying off somewhere between $2 million and $2.7 million in debts, the $5.5 million number is still extremely high. Compare it to the roughly $2.7 million the DCCC likely spent during June (of the $10.2 million it brought in) -- some of which may have gone to slightly paying down the DCCC's debt.
As a result of the DCCC's superior fundraising and the NRCC's inability to hold on to its cash, the Democrats now hold a truly remarkable and almost undoubtedly unprecedented $19 million to $2 million cash-on-hand lead as of the end of June.
It's already difficult enough for the Republicans to retake the House, with the Democrats maintaining a robust lead in the generic congressional ballot question and the President's job approval rating falling below 28 percent. But if the Republicans can't come close to maintaining financial parity with the Democrats -- let alone greatly outspend them, as they have in almost every other cycle in recent memory -- I'm not sure how they expect to retake the House this cycle. It may simply not be possible.
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