DNC fundraising hits the skids

The Democratic National Committee is in the middle of its worst fundraising year in a decade.

The committee’s 2013 cash pace is lagging behind even for a typical off-year, according to a POLITICO analysis of the DNC’s fundraising. And it has barely made a dent in paying down election year debt nearly 10 months after President Barack Obama was reelected.

At the end of July in 2009, the DNC had raised nearly $51 million, adjusted for inflation. At this point in 2007, the DNC had raised about $36.3 million. This year, it raised $35.4 million though the end of July.

The DNC remains $18.5 million dollars in debt as of the end of July, according to campaign finance reports filed this week. That’s up from $18.3 million in debt reported in in June. The committee also spent more than it raised in July — taking in $3.9 million but spending about $5.4 million.