DNC Faces Cash Shortfall

The DNC “had more debt than cash on hand when the general election started in September, a troubling fact few people have noticed to this point in the campaign,” the Washington Post reports.

“We already knew that the Republican National Committee had more than 10 times as much cash as the DNC while the party’s were holding their conventions, but a closer look at the DNC’s August report shows it also took out $8 million in loans during that month — which means it had more debt ($11.8 million) than cash on hand ($7.1 million).”