Updated: 3:24 p.m.
The Democratic Senatorial Campaign Committee ended 2008 with nearly $11 million in campaign debt, according to fundraising data set to be filed with the Federal Election Commission on Saturday.
The committee brought in just under $7 million dollars from Nov. 25 to Dec. 31 about $3.5 million of which came from the campaign of President Barack Obama and spent about $6.9 million. A portion of those receipts and expenses can be attributed to the Senate runoff in Georgia that took place on Dec. 2. In the runoff, Sen. Saxby Chambliss (R) scored a resounding 14-point victory over Democrat Jim Martin.
The committee ended the year with about $297,000 in cash on hand.
The DSCC is carrying significantly more debt than it did coming off the 2006 cycle, when it was $6.6 million in the red. But it also raised less than $2.5 million in the final month of 2006.
Meanwhile, the National Republican Senatorial Committee finished 2008 with $4.9 million in campaign debt, according to the NRSC report set to be filed Saturday.
The committee raised just over $1 million and spent $3.1 million from Nov. 25 to Dec. 31. The NRSC ended the year with about $749,000 in cash on hand.
The NRSC is carrying more debt heading into the 2010 cycle than it did heading into the 2008 cycle (the committee reported about $1.3 million in debt at the end of 2006). But it is also carrying significantly less debt than the nearly $11 million that the DSCC is set to report Saturday.