RNC Appoints Heavies to Pull it Out of Debt

The Republican National Committee faces a debt of as much as $30 million. So it has put together a list of big-time Republican figures to get its financial house in order ahead of the 2012 presidential election, Politico reports.

New chairman Reince Priebus (pictured) has installed a transition finance team co-chaired by three of the party’s most “renowned rainmakers,” as the news service calls them, former ambassadors Ron Weiser, Sam Fox and Al Hoffman. They seek to stabilize RNC finances by April 1.

They don’t expect the debt to actually be eliminated by then, but they hope to have a strategy in place with a full-time financial team.

In recent months, estimates of the debt have increased from $15 million to $20 million to $22 million. Weiser now puts the total at about $23 million, but other insiders anticipate a final tally of $25 million-$30 million.