President Barack Obama's recent fund-raising drive is paying off for the Democratic Senatorial Campaign Committee which accumulated $5.1 million in November, giving the organization its biggest off-election fundraising month ever
According to Politico, the DSCC was expected to announce on Monday that it began this month with $12 million cash on hand and $5 million in debt. The committee paid off $1.2 million in debt in November.
The National Republican Senatorial Committee is planning to release its November numbers later this week, which are expected to show $3.8 million raised in October, with $5 million cash on hand and no debt.
Obama went on a fundraising tear
in recent weeks with stops that included Miami, Dallas and Philadelphia, while First Lady Michelle Obama headed a Democratic fundraiser in New York City.
Democrats are looking to build on their fundraising momentum over Republicans as they prepare for a tough 2014 midterm election battle following the disastrous rollout of Obamacare.
According to Politico, Democratic fundraising soared during the 16-day government shutdown that was primarily blamed on the Republicans, according to polls.
Democrats have been leading the Republicans in fundraising for Senate candidates the entire year. Politico noted that the DSCC has raised $48.6 million by the end of October compared to $29.5 million for the NRSC.
© 2014 Newsmax. All rights reserved.