The Democratic National Committee disclosed Friday that it spent more than it raised last month and is now $2.2 million in debt less than a year from the 2016 presidential election.
The DNC raised $4,456,789 in contributions last month, but spent $5,254,928, for a total net loss of $798,139, reported Breitbart.
It's not as bad as September when the DNC raised $4,296,011, but spent $5,504,823, for a $1.2 million loss.
The DNC closed the reporting period with $4,703,185 cash on hand, but was in the hole to the tune of $6,921,661, meaning the DNC is more than $2.2 million in debt.
Compare that to the $11 million the DNC had in cash on hand when it filed its November 2011 FEC report in preparation for President Barack Obama's re-election bid — more than twice what it has now.
The Republican National Committee, on the other hand, has a significant cash advantage, raising $8.65 million this month, posting more than $20.3 million cash on hand and only $1.825 million in debt, according to the Hill.
In each of the last 10 months, the RNC has raised more money than it spent, also outraising and out-spending the DNC in each month, according to Breitbart. Overall this year, the RNC has raised $89 million in total contributions, compared to the DNC's $51.2 million.
"Our team is hard at work training, recruiting, and registering volunteers and voters in every community and every battleground state," said RNC Chairman Reince Priebus in a press release, bragging about the "decisive advantage over the Democrat National Committee in preparing to win," reported the Washington Free Beacon.
"The RNC is the only organization on either side of the aisle currently running a full-scale General Election field operation."
The DNC's spending woes are likely to increase pressure on committee chairwoman Rep. Debbie Wasserman Schultz of Florida, who has taken heat from a few of her fellow DNC co-chairs in recent months.
In mid-October, DNC vice chairman R.T. Rybak accused Wasserman Schultz of lying when she said she consulted with DNC members about the party's presidential debate schedule. Rybak said he was close to calling for Wasserman Schultz's resignation because she doesn't have the political skills to lead the party, as HNGN previously reported.
