DNC Outraises RNC, Whittles Down Its Debt

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President Barack Obama, White House Correspondent's Dinner 2014

WASHINGTON (AP) — Making progress at whittling down a once-enormous debt, the Democratic National Committee on Friday reported it had raised more than its GOP rival in May and cut its red ink to less than $5 million for the first time since July 2012.

The DNC raised almost $8.8 million in May but still owed $4.9 million to vendors who produce campaign ads, mail and data providers. The central party also reported it had $7.9 million in the bank.

The Republican National Committee, meanwhile, raised almost $8.2 million in May, according to its Federal Election Commission filings. It was carrying no debt and had an almost 2-to-1 advantage over the DNC, with $13.5 million in the bank.

The RNC has outraised the DNC in 10 of the last 17 months.

“Strong fundraising, a winning message and an unpopular president are the key ingredients for victory in November,” RNC Chairman Reince Priebus said in a statement.

The DNC amassed significant debt as it spent heavily on President Barack Obama‘s successful re-election bid in 2012. At the end of July 2012, the DNC reported almost $4.8 million in red ink. That number ballooned to a high of almost $23 million in March of 2013 as bills came due and donors tired of giving.

The DNC has raised $107 million since January 2013. The RNC has raised $123 million in that same period.

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