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The Republican Party has a big money problem.
A report published by The Washington Post on Monday claimed that the party’s finances are “increasingly worrisome to party members.”
According to 10 insiders who spoke with the outlet, the Republican National Committee had just $9.1 million in cash as of the end of last month, which is the lowest amount reported in any Federal Election Commission report since February 2015.
At the same stage in the 2016 presidential election cycle, the party had $20 million in cash reserves, and in the 2020 cycle, that figure was closer to $61 million.
“It’s a revenue problem,” Tennessee RNC member Oscar Brock told the Post.
“We’re going through the same efforts we always go through to raise money: the same donor meetings, retreats, digital advertising, direct mail. But the return is much lower this year.”
“If you know the answer, I’d love to know it,” he continued. “The staff has managed to tighten down on expenses to keep the party from going into the red.”
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