The Democratic National Committee has taken out a $15 million loan ahead of next year’s midterm elections, revealing significant financial strain and internal leadership challenges. According to Politico, the DNC framed the loan as an early investment to strengthen state parties and support candidates in New Jersey and Virginia. However, the move contrasts sharply with the Republican National Committee, which reported having $86 million in cash at the end of September. The DNC has taken loans before, but rarely this early or in such a large amount.
The financial pressure follows the party’s heavy spending on Kamala Harris’s 2024 presidential campaign, which cost over $15 million in additional support after her campaign burned through roughly $1.5 billion in donations. Meanwhile, President Trump has boasted about the GOP’s financial strength, noting record fundraising and strong momentum heading into the midterms. These disparities reflect a broader fundraising gap, further complicated by disappointing Democratic performances and internal dissatisfaction.
The financial strain extends beyond the national party to key Democratic figures. Senate Minority Leader Chuck Schumer’s fundraising has slowed dramatically, raising only $133,000 last quarter—far below his usual multimillion-dollar totals—while Alexandria Ocasio-Cortez raised $4.5 million in the same period. With AOC refusing to rule out a Senate run, concerns have grown within Democratic circles about a potential 2026 primary challenge. Schumer still holds $8.6 million cash on hand, but he now trails AOC’s $11.8 million, an unprecedented shift for the party’s longtime fundraising powerhouse.
Midterm Disaster For Democrats – Bombshell Development Spell..
