The Republican National Committee has six times the amount of cash on hand that is Democratic counterpart has.
Earlier this year, Democratic National Committee (DNC) Chair Tom Perez set the lofty goal of doubling the organization’s budget from $50 million to $100 million in 2017. But half way through the year the organization has only $7.4 million in the bank and is well behind Perez’s fundraising goal.
According to the DNC’s June FEC filing, the organization raised just $5.5 million in the month and had only $7.4 million in cash on hand. Compared to its Republican counterpart, which raised $13.5 million in June and has $44.7 million cash on hand, it’s safe to say DNC fundraising is languishing.
The previous months haven’t been any better for the DNC, which posted its worst fundraising month since 2003 in May.
Following the announcement of weak fundraising numbers in June, Perez told NBC News that he needed more time to get the fundraising numbers up.
Halfway through the year, the DNC should have around $50 million in the bank if it wants to hit its goal of $100 million by the end of the year. At the moment, they are $42 million behind that goal.
With languishing fundraising numbers, the question now becomes how much time will Democrats give Perez to turn the ship around before they start calling for a leadership change?
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