Friday, October 20, 2006

Democrats Make Gains In Fundraising

Some big money people have begun to think that the Democrats may make real inroads in the midterms. And are spreading the largesse accordingly.

Democratic fundraising for the midterm elections is ending with a surge.

In September, the Democratic campaign committees for the House and the Senate outraised their counterpart Republican committees, reversing historical trends.

The Democratic Congressional Campaign Committee raised $14.4 million and the Democratic Senatorial Campaign Committee collected $13.6 million last month, they said. In contrast, the National Republican Congressional Committee raised $12 million and the National Republican Senatorial Committee collected $5.2 million.

The Republican National Committee, however, continued to outpace the Democratic National Committee. In September, the RNC raised $13.1 million and reported total receipts of $14.3 million, while the DNC said it collected $5.6 million.

The GOP committees maintained an overall advantage of about $10 million in funds available to be spent. At the end of September, the Democratic committees had $67.3 million on hand; the Republican committees had $77.4 million.

"The Republicans' extra $10 million is better than being behind," said Michael J. Malbin, executive director of the nonpartisan Campaign Finance Institute. "But it may not be enough if you're playing defense, which Republicans are."

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