From the New York Times: The Democratic National Committee took out a $15 million loan last month to replenish its shrunken coffers before elections in Virginia and New Jersey and to keep operations fully funded entering 2026, according to party officials and documents reviewed by The New York Times.
Tapping a line of credit outside the crucible of a midterm or presidential election year is unusual for a major party committee, and it is the latest sign of financial distress for the official arm of the Democratic Party.
The D.N.C. entered November with $18.3 million on hand — $15 million of which came from the loan.
By contrast, the Republican National Committee entered November with $91.2 million in the bank and no debts.
DNC Chair Ken Martin is touting that the money has helped them win elections and position them for the future.
The Times also revealed how the DNC spent some of the money, saying payments of $3.2 million each went to the New Jersey and Virginia governor’s races, and $175,000 was given to the Pennsylvania Democratic Party to mobilize voters before elections for the state’s Supreme Court.
Democrats won all those races, as well as several others across the nation on November 4.
READ MORE from the New York Times.
Politico also reported on the matter, and pointed out the contrast between the DNC and the RNC: The national party committee framed the line of credit as an early investment to boost its candidates in New Jersey and Virginia earlier this month, and help build up state parties ahead of next year’s midterms. But the need for a loan still puts the DNC in sharp contrast with its GOP counterpart, the Republican National Committee, which was sitting on $86 million at the end of September.
Cash-strapped DNC takes on $15 million in loans https://t.co/ui4QZj1q6d
— POLITICO (@politico) November 20, 2025
NEWS: The DNC took out a $15 million loan in October, the latest sign of financial distress for the official arm of the Democratic Party.
The party ended the month with $18.3 million in the bank — $15 million of which came from the loan.
MORE —>https://t.co/5ap3GSmSby
— Shane Goldmacher (@ShaneGoldmacher) November 20, 2025
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