WASHINGTON (AP) — It’s nice to raise several million dollars. It’s sobering to realize that’s just a drop in a very, very big bucket.
On Friday, the House Democratic and Republican campaign organizations announced their fundraising figures for January as each starts amassing cash for next year’s congressional elections.
The Democratic Congressional Campaign Committee reported that it raised $6.4 million last month. That exceeded the National Republican Congressional Committee’s $4.4 million.
That gave Democrats $6.9 million in cash but a $10 million debt. The GOP committee had $3.6 million in cash and $7.5 million in debt.
To put that in perspective, the non-partisan Center for Responsive Politics says nearly $1 billion was spent on 2014 House races.
The Democratic committee spent $206 million and the GOP committee spent $154 million on those contests. Those expenditures were eclipsed by the candidates themselves and outside ideological, business and labor groups.
Republicans are expected to retain House control in the 2016 elections.
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