Democratic Party falls further behind GOP in October fundraising
As 2020 nears, the Democratic Party continues to lag behind its Republican counterpart in fundraising efforts.The Democratic National Committee raised $9 million in October but burned almost as much cash to get there. The committee entered October with $8.6 million in the bank and exited the month with just $8.7 million on hand and $7 million in debt. In comparison, the Republican National Committee demonstrated unmatched fundraising power. It netted $25.3 million in October and spent $23 million, leaving $61.4 million in bank by the end of the month. This wasn’t the worst month for the DNC, as it reported losses in previous months. However, the committee is falling further behind its Republican counterpart with every passing month.