The Democratic National Committee raised $4.3 million in January, but is still weighed down by a significant amount of post-election debt.
While it’s not unusual for political parties to creep into the red after an election, Democratic Party ended the 2012 cycle with a debt of $21.5 million, according to a new filing with the Federal Elections Commission.
The committee’s latest report shows the DNC paying down nearly $700,000 of their post-election debt — which shrank to $20.7 million.
Earlier Wednesday, the RNC announced it had raised $6.9 million in January, with $7.1 million in the bank. The committee retired the last of its outstanding debt at the end of 2012.