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DNC Considers Borrowing After $4M Reserve Decline

Donor withdrawals paired with party infighting leave Chairman Ken Martin under fire, prompting talks of borrowing funds.

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Overview

  • Cash reserves at the DNC dropped by $4 million from January to April, leaving about $18 million compared with $67.4 million in the Republican National Committee’s coffers.
  • Only three donors contributed $100,000 or more during that period, illustrating a steep slowdown in major fundraising.
  • DNC officials are exploring borrowing options to cover basic operating expenses after fundraising shortfalls.
  • American Federation of Teachers leader Randi Weingarten and AFSCME president Lee Saunders resigned from DNC roles, citing misgivings about Martin’s leadership.
  • Insiders have described Chairman Ken Martin as “weak” and “invisible,” and his public clash with activist David Hogg has exposed deeper party divisions.