RNC Struggling With Bill Payments

Thursday, 02 Dec 2010 12:44 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Just in time for Christmas, the Republican National Committee has told vendors that it may fall behind on some of its bills because of a “cash-flow challenge,” according to a memo obtained by The republican,national,committee,cash,flow,billsWashington Post. The newspaper’s column The Fix reports that RNC Chief Administrative Officer Boyd Rutherford sent an e-mail to vendors laying out the problem.

According to The Fix, Rutherford wrote, "We will not be able to pay off the vendors this week. We will be slow in paying as we are having a cash-flow challenge. Everyone will be slow paid until after the first of the year."

RNC political team member Derek Flowers, a recipient of the e-mail, proceeded to send another note to vendors. That e-mail noted that, while Flowers had planned to stay on with the RNC until all bills were paid, he was leaving now, The Fix reported.

The RNC's most recent filing with the Federal Election Commission, in mid-October, reported $4.5 million in debt and $3.8 million on hand.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved