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International Business Times UK
International Business Times UK
Politics
Christian Nogot Puno

The Democratic Party's Money Is a Mess: A $2M-in-Debt DNC Asks Vendors to Wait as Trump Holds $400M

Donald Trump's political operation began the cycle holding more than the two committees combined. (Credit: The White House/Joyce N. Boghosian.)

The Democratic Party's national committee begins the last 90 days before the midterms owing more than it holds: about $2.2M (£1.6M) in deficit, with $18.5M (£13.7M) of debts against $16.3M (£12.1M) of cash. The Democratic National Committee (DNC) has asked suppliers to hold their invoices until after polling day, while a fundraising vehicle allied to Donald Trump sits on $400M (£297M).

The cash and debt figures sit in the committee's own returns to the Federal Election Commission (FEC) for the end of June. The invoice arrangement surfaced in an investigation The New York Times published on 26 July, and the 10 days since have been consumed by a public argument Chairman Ken Martin is still fighting.

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