DNC Deep in Debt as RNC Builds up $20 million War Chest

The Republican National Committee keeps building its cash advantage over its Democratic rivals, strengthening the party’s position going into the election year – with the latest monthly reports showing the DNC with a major debt, while the RNC has accrued a $20M war chest.

The Republicans announced last week that they had raised $8.7 million in October, which they say broke a record for presidential off-year fundraising record.

“With just under a year until Election Day 2016 we’re seeing great enthusiasm for the GOP,” RNC Chairman Reince Priebus said in a press release.

Figures show the Republicans now have over $20 million cash on hand, with only $1.8 million in debts owed. The RNC has raised a total of $89.3 million to date in the current election cycle.

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