https://www.bloomberg.com/news/arti...-odds-against-trump-clouded-by-party-finances
The
Democratic National Committee has a money problem. And that could hurt its nominee’s chances of beating President Donald Trump in 2020.
In the first four months of 2019, the party spent more than it raised and added $3 million in new debt. In the same period, its Republican counterpart was stockpiling cash.
Democratic donors overall have been generous, pouring three times as much into their party’s presidential and congressional campaigns in the first quarter of the year than Republicans gave to their national office-seekers. But the DNC isn’t benefiting from the same donor enthusiasm, putting at risk its ability to help the nominee take on Trump, donors said.
By the end of April, the DNC
had collected contributions of more than $24.4 million, but had spent $28.4 million, according to the latest disclosures. It had $7.6 million cash on hand, $1 million less than in January. It posted $6.2 million in debt, including bank loans and unpaid invoices to vendors, Federal Election Commission records show.
That compared with the
Republican National Committee, which thanks in part to Trump’s non-stop fundraising since winning the White House
had $34.7 million in the bank and no debt. It raised nearly $62 million so far this year, two-and-a-half times the DNC’s haul.