Republican National Committee Finished 2012 Cycle Debt-Free

Washington Post

The Republican National Committee will release a report later tonight showing zero debt and $3 million cash on hand after the 2012 election cycle, a committee source tells The Fix. The committee outraised its Democratic counterpart $293 million to $181 million this year, and the DNC ended the election with more than $20 million in debt and $9.7 million cash on hand, according to its report. It’s normal for committees to go into debt at the end of the election; the question is usually how much. The RNC had $25 million in debt at the start of Chairman Reince Priebus’s tenure in 2011.