POLITICSFOX NEWS
Debt-ridden Democrats tap a surprising asset as collateral for $15M loan
The Democratic National Committee (DNC) secured a $15 million loan in 2025 using its headquarters as collateral, with an additional $5 million available, as it faces significant debt and lags behind the Republican National Committee (RNC) in financial resources. The DNC reported $18.5 million in debt against $16.3 million in cash, contrasting with the RNC's $128.5 million in cash and no debt.
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- Cash-strapped DNC shelled out more than $800K to non-voting territories like Virgin Islands while in debt
- Some Democratic donors frustrated with DNC chair Ken Martin amid fundraising woes
- How Democratic leadership sank $40 million meant to defend key seats on a gamble that backfired