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DSCC Tops Debt-Free NRSC in August Fundraising (Updated)
Posted at 6:17 p.m. on Sept. 19, 2013
Updated 9:10 a.m. | The Democratic Senatorial Campaign Committee topped its Republican counterpart in fundraising last month, the seventh time in eight months the majority party has done so.
The DSCC raised $3.3 million in August and ended the month with $9.4 million in cash on hand, according to numbers provided by the committee. Since its last monthly Federal Election Commission report, the DSCC paid down its debt to $8.7 million by the end of August, a spokesman said.
Meanwhile, the National Republican Senatorial Committee, which has been outraised by more than $10 million so far this cycle, earlier this month paid off its remaining debt from the 2012 cycle. The GOP committee was also the first to do so last cycle.
The NRSC will report raising $1.9 million in August and ending the month with $4.8 million on hand. As of Sept. 3, that cash flow number was down to $2.3 million after paying off its remaining debt, according to an NRSC spokesman. The NRSC had no outstanding amounts from a $20 million line of credit from Wells Fargo, according to a letter from the bank provided to CQ Roll Call.
Earlier this month, the NRSC shook up its finance staff, with director Shelly Carson being replaced in the day-to-day operations and management by Heather Larrison.
“We bleed red at the NRSC except when it comes to debt,” NRSC spokesman Brad Dayspring said. “Chairman Moran is proud to turn the corner and have the NRSC in the black while our Democratic counterparts commit millions to campaigns in Kentucky and Georgia despite the reality that they are saddled with debt. That fact should keep endangered incumbents like Mary Landrieu and Kay Hagan up at night.”
Republicans need a net gain of six seats to win back the Senate next year after eight years in the minority.
“The push by Republican Senate candidates to shut down the government has energized our supporters and reminded them what is at stake in this election,” DSCC Executive Director Guy Cecil said. “If we don’t keep the majority then Republicans would turn the U.S. Senate into a carbon copy of the House, and that is a prospect that no Democrat can stomach. We have a long way to go, but we are raising the resources we need to defend our incumbents, hold our open seats and play offense in Georgia and against Mitch McConnell in Kentucky.”
Monthly fundraising reports for August are due to the FEC on Friday.