Senate Democrats Had Slight Financial Edge for Final Weeks

Posted October 22, 2010 at 3:40pm

The Democratic Senatorial Campaign Committee had a $2.5 million cash-on-hand advantage over its Republican counterpart heading into the last two weeks of the midterm elections.

As of Oct. 13, the DSCC had $14.4 million left to spend, while the National Republican Senatorial Committee had $11.9 million left. Over the course of the election cycle, the DSCC raised $107.1 million compared with the NRSC’s $92.9 million.

“Despite Republicans having the national momentum for the past year and a half, Democrats have outraised them by over $14 million,” said DSCC Executive Director J.B. Poersch in a statement. “Republicans may be aided by third-party shadow groups who are trying to buy Senate seats, but we are aided by supporters from around the country who are committed to keeping the Senate majority.”

But in the two-week pre-general filing period from Oct. 1-13, the NRSC slightly outpaced the DSCC, bringing in $6.2 million. The DSCC raised $5.7 million. NRSC Executive Director Rob Jesmer said in a statement that it showed Republicans have the momentum leading up to Nov. 2.

“With less than two weeks until Election Day, the energy and enthusiasm surrounding Republican Senate candidates continues to increase every day nationwide,” he said. “Senate Republicans are on offense in at least 11 Democrat Senate seats, and as the political landscape continues to shift in our favor, we are able to pour significant resources into competitive races in blue states like Washington and California.”

Neither committee took out loans during the first two weeks of October, but the NRSC took out a $10 million line of credit on Sept. 29 that the committee says it hasn’t used yet.