Democrats are outpacing Republicans in fundraising, according to financial reports the national campaign committees released on Friday.
The parties released their first financial reports since President Barack Obama officially announced he was running for re-election and Republican hopefuls have been announcing their 2012 intentions. Some looked to the reports as a sign of how the parties might do after Republicans won a wave election in the 2010 midterms that put them back into the majority in the House of Representatives. If the fundraising totals are any indication of public sentiment: Democrats win.
The Democratic National Committee reported raising $12.4 million in April, more than double the $6.1 million amount the Republican National Committee reported gathering – an official with the DNC said that of the $12.4 million total, $7 million was transferred from a joint fundraising account shared with the Obama re-election campaign.
The fundraising amounts now mean the DNC has $14.8 million cash on hand and $15.4 million in debt. The RNC now has $5 million cash on hand and $18.9 million in debt. That means the national parties have raised $33 million for the Democrats and $23.7 million for Republicans in 2011 so far.
Breaking the fundraising totals down a little further, though, and looking at amounts the campaign arms for the House and Senate have raised, Democrats still have an uphill climb to really claim fundraising victories.
The Democratic Congressional Campaign Committee, the body responsible for helping to elect Democrats to the House, tied the National Republican Congressional Committee with $4 million apiece in April. Democrats got some good news from the financial reports, though, when the DCCC showed the party edging out the NRCC $19.6 million to $18.1 million during the first quarter of the year.
On the flip side, House Democrats still are trailing, or narrowly outpacing, House Republicans both with cash on hand and debt. Republicans reported having $9.6 million cash on hand and $7.5 million in debt while Democrats reported having $5.5 million cash on hand and $7.3 million in debt.
Senate Democrats also are trailing Senate Republicans in fundraising efforts for April, according to financial reports. The Democratic Senatorial Campaign Committee reported raising $2.8 million in April compared to the National Republican Senatorial Committee’s $3.4 million haul; however, both campaign arms are virtually neck-in-neck in fundraising totals for the year so far with the DSCC raising $14.5 million and the NRSC raising $14.6 million.
The DSCC also reported having $6 million cash on hand and $4.3 million in debt, while the NRSC reported having $1.4 million cash on hand but roughly $1 million in debt.
It is still too early to tell which party really has the momentum coming out of the 2010 midterms and heading into the beginning of the 2012 election season, but by the amounts raised so far it would appear as if overall, it is either party’s game.
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