As donors close their wallets, Democrat hopes to encroach upon Republican majorities in 2018 may quickly fade as the party faces a cash crisis.
The DNC raised just $5.5 million over the June fundraising period and outspent themselves by about $200k, finishing the month with $3.3 million in debt, according to the most recent FEC filings.
Comparatively, the RNC outpaced the DNC by $8 million, raking in a record-breaking $13.5 million in total contributions.
The RNC has $44.7 million cash on hand compared to the DNC’s $7.5 million. (Daily Caller)
Subtract their outstanding debt from the current cash on hand, and the DNC only has a paltry $4.2 million available. The RNC is debt free.
Democrats will be defending 23 Senate seats in 2018, plus 2 independents who caucus with Senate Democrats. Only 8 Republican incumbents are facing reelection. To make matters worse, ten of those 23 seats are in states won by Donald Trump. Five of them where Trump won by a margin of 19% or greater.
Compounding this uphill battle is the fact that the RNC currently has ten times more cash in pocket to throw at 2018 contests than the DNC has available. While the Republican party is quickly building a war chest, Democrats are struggling just to pay their monthly bills and keep the lights on.
If these trends continue, 2018 could turn out to be a very ugly year for Democrats