DNC's fundraising woes continue with worst October in 15 years
November 21, 2017
"The Democratic National Committee's fundraising woes continued last month, when the party posted its lowest total for the month of October in at least 15 years.
"The DNC raised $3.9 million in October -- far short of the $9.2 million raised during the month by the Republican National Committee.
"The RNC has now raised $113.2 million over the 2017 calendar year and has $42.5 million in the bank and no debt. The DNC, meanwhile, has raised $55 million this year. It has $5 million cash on hand and owes $3.2 million in debts.
"It was the worst October for Democrats dating back to 2003 -- the first year the national parties were required to file monthly finance reports. The low totals reflect the difficulty the DNC has had raising money since former President Barack Obama left office.
"But the DNC under new chairman Tom Perez has remained a source of friction, with Vermont Sen. Bernie Sanders' backers -- including Our Revolution, the political organization that grew out of his 2016 campaign -- remaining critical of its role.
"Early this month the DNC fired its finance director, Emily Mellencamp Smith, whose hiring was just announced in June as part of new chairman Perez's efforts to rebuild the party."
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