DNC Falls $2 Million Into Debt, Halting 2026 Transfers Under Ken Martin
Updated
Updated · AlterNet · Jul 26
DNC Falls $2 Million Into Debt, Halting 2026 Transfers Under Ken Martin
1 articles · Updated · AlterNet · Jul 26
Summary
$2 million in debt, the Democratic National Committee has told congressional leaders it will make no 2026 transfers to its House and Senate campaign arms.
A $15 million loan last year failed to prevent the cash crunch, and new filings show the Republican National Committee holding $128.5 million in cash on hand.
The funding shortfall lands amid reports that Chairman Ken Martin is isolated, struggling to raise money and leading a leak-ridden, demoralized organization.
A July incident in which Martin allegedly threw his phone at a junior aide prompted a formal HR complaint, adding to criticism over his delayed and incomplete 2024 election review.
The setback leaves Democrats financially weakened heading into the midterms even as Republicans are described as politically vulnerable.