The Note Reports: The Republican National Committee – the Republican Party’s main electoral committee – beat out its Democratic counterpart, the Democratic National Committee, in fundraising for the month of October.
The RNC pulled in $8.5 million for the month while the DNC raised $7.9 million.
Both committees saw a decrease in fundraising from the previous month of September, but the DNC’s decline was much larger. In September, the committee raised $14.6 million – almost double its October earnings.
The RNC’s decrease was much smaller – down less than $1 million from the $9.3 million they took in for September.
The Democratic National Committee’s earnings for October include $2 million raised on behalf of a joint account shared by the DNC and President Obama’s re-election campaign called, “The Obama Victory Fund.”
As of the end of October, the RNC had more cash on hand than the DNC, but also a larger debt. The Republican National Committee had $13.5 million on hand, and $13.9 million in debt. The Democratic National Committee had $11.1 million in the bank, and a debt of $9 million.
The RNC has reduced its debt by more than $10 million since Reince Priebus became chairman in January. Chairman Priebus put out a statement today following the release of the October fundraising numbers.
