Democratic Party lags in money before presidential year

Associated Press

WASHINGTON (AP) – The Democratic National Committee barely has more cash than it does IOUs, and it is being outraised month after month by its Republican competitor.

The DNC has raised about $36 million this year, compared with $63 million for Republicans.

Those fundraising realities will be top of mind as Democratic officials meet through Saturday in Minneapolis.

Democratic presidential front-runner Hillary Rodham Clinton, Vermont Sen. Bernie Sanders and the three other presidential candidates are scheduled to speak to attendees on Friday.

Rep. Debbie Wasserman Schultz, the DNC’s chairwoman, said the ultimate nominee will have the resources he or she needs.

The role of the parties has diminished over the past five years as super PACs and nonprofit policy groups that don’t reveal their donors have risen to prominence, giving donors more options.

(Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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