RNC Has $22 Million Cash On Hand for Nominee
The DNC raised more money over the past 15 months, but outspent the formerly struggling RNC.
| Posted Friday, April 6, 2012, at 12:24 PM
Photo by Alex Wong/Getty Images
As Romney attempts to move from the inevitable to the actual nominee for the GOP, the Republican National Committee might have some good news: its finances have significantly turned around over the past 15 months, the New York Times reports.
After flirting with bankruptcy, the committee has now retired more than half of its debt.
According to the Times, the DNC still raised more than the RNC over the same period ($137 million to the RNC's $110 million), but the RNC has more cash on hand. RNC officials say they'll report $30 million in the bank to the Federal Election Commission this month, including $22 million in a "presidential trust" for the party's nominee.
Starting this week, Romney and the RNC will raise funds jointly. Romney will also shift his own fundraising efforts from the primary to the general election.
