As the clock ticked down on the midterm elections, the Republican and Democratic National Committees racked up $30 million in debt, according to The Washington Post
. The newspaper’s column "The Fix" says that Federal Election Commission reports show that in the most recent reporting period the Democratic Congressional Campaign Committee ended up with $19 million in debt and the National Republican Congressional Committee with $12 million in debt.
According to the Post, the DNC managed to close out November with $9.7 million in the bank and the RNC $1.9 million. The Post added that the “meager cash total” may have an impact on Chairman Michael Steele’s (pictured)
decision to see a second term as RNC chair.
The Post also notes that the FEC reports show the DCCC almost outspent the NRCC two-to-one, $55 million to $31 million, in its failed bid to hold on to congressional control.
© 2013 Newsmax. All rights reserved.