In One Year, Priebus Turns Around RNC Finances

Thursday, 16 Feb 2012 12:33 PM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
When Reince Priebus took over the chairmanship of the Republican National Committee (RNC) in January 2011 from Michael Steele, the group was in big financial trouble, with debt of $23 million.

But the former chairman of Wisconsin’s Republican Party fixed things up in a hurry, The Hill reports. Now the RNC has $20 million in cash on hand and $13 million in debt, while the Democratic National Committee has $12.5 million in cash and $6.5 million in debt.

“When we had the election for chairman, the question everyone had [was], ‘Who’s going to erase that debt?’ ” Mississippi RNC committeeman Henry Barbour told The Hill. “Most people thought it wasn’t practical to think they’d do it in two years, and he wiped it out in one.”

And what is Priebus’ take on the success? “We shot for a huge goal and we hit it. We shocked some people who didn’t think it could be done,” he told The Hill.

The accomplishment didn’t come in an easy environment. “I don’t particularly care for the campaign finance laws in this country and the overall structure of the campaign-finance laws, but in the end we had one of the biggest years in history at the RNC,” Priebus said.



© 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:
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
Top Stories
You May Also Like

Bob Dole to Campaign for Sen. Roberts in Tight Race

Saturday, 20 Sep 2014 11:51 AM

Former Kansas Sen. Bob Dole will stump for Sen. Pat Roberts next week, looking to give the Republican incumbent, who jus . . .

Billionaire Steyer Writes $15M to His Super PAC

Saturday, 20 Sep 2014 09:02 AM

The political parties, their campaign committees and some of their super PACs faced a Saturday deadline to disclose how  . . .

No Dem Senate Candidate on Kansas Overseas Ballots

Friday, 19 Sep 2014 22:13 PM

There's no Democratic Senate candidate listed on some 500 Kansas ballots mailed to overseas voters this weekend – a setb . . .

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