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March 21, 2013


DNC Falls Deeper Into Debt

The Democratic National Committee, "which borrowed more than $20 million at the end of the 2012 election, continues to fall further into the red at a time when it is supposed to be paying off its debt," the Washington Post reports.

"The committee, which was $20.6 million in debt as of Nov. 26, has actually added more since then. Its total obligations rose to $21.9 million at the end of February... In addition to taking on more debt, the committee has seen its cash on hand reduced by more than half since Nov. 26, from $9.7 million to just more than $4 million."












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