Tags: obama | campaign | millions | debt

Obama Campaign Still Millions in Debt

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Monday, 15 Jul 2013 11:43 PM

By Matthew Auerbach

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It’s been six months since Election Day and President Obama's reelection campaign is still over $3 million in debt, Politico reports.

According to campaign reports filed Monday, Obama’s campaign owes $3.5 million to various individuals and companies.

Obama's primary campaign committee, Obama for America, owes fees to campaign consultant David Axelrod, digital consulting firm Blue State Digital, pollster David Binder, Democratic data firm NGP VAN, among other vendors.

The campaign, which has approximately $300,000 cash on hand, has brought in about $2.2 million between the beginning of April and the end of June.

Organizing for Action, the nonprofit formed by ex-campaign aides that was responsible for buying a large amount of equipment for the campaign and as well as securing the huge email list used for fundraising and spreading Obama’s message, has provided about $660,000 of that amount.

Last week, Organizing for Action announced that it had raised an additional $8.2 million in the second quarter.

The Democratic National Committee remains significantly in the red — with $19.7 million in debt, as of their last campaign finance report.

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