The RNC actually paid down $1 million from the debt that chairman Reince Priebus inherited from Steele when he took over as chairman in mid January. But, nearly $1 million in debt — including a $650,000 bank fee that was far larger than the new regime expected — was unearthed, leaving the RNC in roughly the same debt position they found themselves at the end of January.

For the month of February, the committee raised $5.2 million and spent $5.3 million — one-fifth of which went to paying down debt. The committee ended last month with $2.1 million in the bank.