The Democratic National Committee raised $11.5 million in the month of July and has nearly $11 million the bank with less than three months to go before the crucial midterm elections. TPM has learned that DNC Chairman Tim Kaine will announce the fundraising figures later today at the party’s meeting in St. Louis.
A Democratic official offered an early preview: $11.5 million raised, $10.8 million cash on hand and $3.5 million in debt. It’s the second best month of the cycle, and the official believes it will be the fifth consecutive month the DNC outraised the RNC.
Last month the DNC raised $6.5 million. The RNC raised $5.9 million.
The Democratic official also noted that the party already has moved $3.5 million to state parties to help them prepare for the fall election. The transfers are part of the DNC’s plans to give $20 million out from its coffers to the campaign committees and states before the election.
The DNC will file their reports later this week. The RNC has not yet released its July numbers.