Tags: DCCC | Faces | Financial | Morass

DCCC Faces Financial Morass

By Dan Weil   |   Friday, 07 Jan 2011 10:26 AM

The Democratic Congressional Campaign Committee is in deep do-do, as former President George H.W. Bush might put it. “The DCCC is nearly $20 million in debt, the electoral map may be even more daunting in 2012 after redistricting, and fundraising even tougher as the party competes for money during a presidential election cycle,” Politico reports.

Dccc, financial, troubleYet new DCCC chairman Rep. Steve Israel, D-N.Y., still maintains that “the House will be in play” next year, the news service reports. Good luck.

“The DCCC has slightly more than $3 million cash on hand, and it now will have to raise funds to pay off its huge debt with Democrats in the minority. That presents a significant disadvantage compared with the past four years when Democrats held a fundraising edge,” Politico explains.

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