A crucial GOP fundraising committee is nearly broke, according to its latest monthly filing with the Federal Election Committee last week. The National Republican Congressional Committee (NRCC) reported $1.6 million in cash on hand and $4 million in debts as of Aug. 31. The group helps bankroll House campaigns for GOP candidates. Its counterpart, the Democratic Congressional Campaign Committee, reported $22.1 million, more than 10 times its Republican counterpart. THE BLOTTER RECOMMENDS Photos Trouble Inside the Beltway Blotter Did Dems Cut a Hole in Their Own Ethics Law? Blotter Congress Wants Testimony From Blackwater Boss Blotter Budget Shortfall May Shutter White House Probe Click Here for Full Blotter Coverage. Campaign finance experts say the latest numbers portend an ill future for GOP candidates, particularly newcomers who haven’t had years in office to build up a war chest. "If there’s no money in the bank, it’s going to be hard to take seats away from the Democrats," said Massie Ritsch of the Center for Responsive Politics, a Washington, D.C.-based campaign finance watchdog group. Julie Shutley, a spokeswoman for the NRCC, disputed the dim forecast. "We believe we are going to have every resource that we need to be competitive," said Shutley. Senate Republicans are in a state of relative poverty, also. The National Republican Senatorial Campaign has just over $7 million on hand, according to the new filings. The Democratic Senatorial Campaign Committee has more than $20 million. While the Democrats’ new congressional majority appears to have sapped much of the GOP lawmakers’ fundraising power, its national group, the Democratic National Committee, still lags behind its Republican counterpart. The RNC reported raising $57.3 million so far this year, with $16 million on hand, while the Democratic National Committee raised $36.8 million so far this year, with $4.7 million on hand. Do you have a tip for Brian Ross and the Investigative Team?