RNC Raises $19 Million in Second Quarter, Debt Still Looms

Jul 18, 2011 5:56pm

ABC News’ Devin Dwyer (@devindwyer) reports:  The Republican National Committee raised $19 million in April, May and June, padding its campaign war chest for the 2012 campaign while also paying down more of its multi-million dollar debt. 

The RNC said today that as of June 30 it had $7.3 million cash on hand — and $17.5 million of debt.

The debt figure has loomed over committee operations and the chairmanship of Reince Priebus, who took the helm in January with a pledge to restor the faith of Republican donors.   

After his election, Priebus said his first priority as chairman would be finding a way to pay down what was then the RNC's $25 million debt. 

"They're ready to go to work. They want to roll up their sleeves, rebuild the finances of this party and move on to 2012 for a great victory," he said at the time of the GOP’s top contributors. 

Since then, Priebus has overseen a 25 percent reduction of the debt — or, $6.7 million –- since the beginning of the year. 

“Grassroots and major donors continue to come back to the committee and the chairman’s major donor fundraising has been an exceptionally strong through June,” said spokeswoman Kirsten Kukowski. 

The Committee’s coffers remain an important source of support for Republican candidates across the country, especially the party’s 2012 presidential nominee. But so far they have been outmatched by fundraising totals reported by Democrats. 

The Democratic National Committee last week reported raising $34.6 million during the second quarter. President Obama raised $47 million in the same three-month period that ended June 30.   

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