The Democratic National Committee, which was reported last month to be wallowing in debt, is seeking the approximate $20 million it needs for its 2016 national convention.
DNC Chair and Florida Congresswoman Debbie Wasserman Schultz has drafted a bill to use taxpayer funds to help both parties pay for their conventions.
The Washington Times reported:
The Congressional Budget Office revealed the move in a letter released Friday, which said Ms. Wasserman Schultz’s proposal to tap a presidential campaign fund would likely mean each party could get about $20 million in taxpayer money to help with costs.
The DNC is facing tough financial circumstances. The latest report shows it had just $4.7 million in cash on hand as of Oct. 31, less than the $6.9 million in debts the committee reported. By contrast, the Republican National Committee reported $20.4 million in cash, offset by $1.9 million in debts.
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