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New report reveals the DNC is in financial turmoil while the GOP is thriving
Democrats are in financial turmoil and have a large amount of debt, according to FEC reports. (Mark Wilson/Getty Images)

New report reveals the DNC is in financial turmoil while the GOP is thriving

Under the leadership of recently elected chairman Tom Perez, the Democratic National Committee is strapped for cash.

According to recent filings with the Federal Election Commission, the DNC is currently $3.3 million in the red. In June, the party raised just $5.5 million while they spent $5.7 million, meaning they added $200,000 in debt.

Meanwhile, the Republican National Committee outpaced the DNC by more than $8 million in June, raising more than $13.5 million.

The DNC ended the month with just $7.4 million with cash on hand, while the RNC has nearly $45 million in cash on hand, according to the filings.

The Republican Party has raised more than $75 million in 2017 alone.

It's not clear what exactly has led to a poor financial status for the Democratic Party, but so far into 2017, the party is widely seen as being haphazard and without any real leaders or a central message.

Indeed, even during the party's convention in February to elect a new chairperson, the party's factions — the establishment versus the more liberal and progressive wing — remained widely divided. Perez, who served as labor secretary under former President Barack Obama, eventually defeated Rep. Keith Ellison (D-Minn.), but the party remains in shambles.

It doesn't help that the Democrats have been defeated in each of the special elections they needed to win in order to build momentum for 2018.

In the 2018 midterms, Democrats will attempt to regain control of Congress, though it doesn't look too promising. Democrats will need to take more than two dozen seats from Republicans in the House, while they will need to win just a handful of seats in the Senate to regain control there. However, as far as the Senate, only six of the 33 seats up for grabs are currently held by Republicans, which means Democrats will likely be on the defensive in 2018 — not the offense.

Republicans, on the other hand, with control of the White House and Congress, will go on the offensive in 2018. They stand to make more gains as long as President Donald Trump and congressional Republicans make good on promises they've made for years, such as repealing Obamacare and lowering taxes.

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Chris Enloe

Chris Enloe

Staff Writer

Chris Enloe is a staff writer for Blaze News
@chrisenloe →