The Democratic Senatorial Campaign Committee holds $20.4 million in post-election debt, challenging its ability to raise money for the next cycle. Politico,
The DSCC publicly disclosed in October that it had taken a $10 million loan to try salvaging Democrats’ Senate majority in the midterms. But fresh filings with the Federal Election Commission show that the committee took out another, previously unreported $5 million loan in the final days of the election.
The DSCC outraised and outspent the National Republican Senatorial Committee by tens of millions of dollars in the 2014 cycle, although the GOP nonetheless recaptured the Senate.
But aside from spending on campaigns, the Senate Democrats’ campaign arm also made some other investments.
For instance, in May, the DSCC took out a long-term loan of $5.2 million to buy a house adjacent to its headquarters on Capitol Hill…
Now that Senate Democrats will be in the minority, they will have a tougher time raising money because its lawmakers have less power and thus less to offer some major donors…
Leave a Reply