We already knew that the Republican National Committee had more than 10 times as much cash as the DNC while the party’s were holding their conventions, but a closer look at the DNC’s August report shows it also took out $8 million in loans during that month — which means it had more debt ($11.8 million) than cash on hand ($7.1 million).
It’s not unusual for a campaign or campaign committee to take out a line of credit at the end of a close election — Mitt Romney’s campaign took out $20 million in loans to get through the primary season — but the DNC’s cash situation is significantly worse than it has been in recent election years.
