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Politics

DESTITUTE DEMS: Democrats’ Main Fundraising Committee Cash-Strapped, Considering Borrowing Money; Report

posted by Hannity Staff - 6.19.25

According to a New York Post report, the Democratic Party’s main fundraising committee is now so broke, it’s considering borrowing money.

“We are six months in and we’re drowning,” a source close to the Democratic National Committee told The Post about the current rate of contributions. “The RNC was so cash-heavy and hitting us day after day after day when Biden was president.”

“We have no clear path or plan,” they added. “The midterms are going to come before we know it, and then we’re going to be really f–ked.”

From The New York Post:

The DNC’s struggle to message against the Trump administration and rather public leadership infighting — including the recent departure of former DNC vice chair David Hogg — has also led some of its largest donors to taper off their contributions, the New York Times first reported.

This has dovetailed with high-profile donor defections, such as Pershing Square Capital Management CEO Bill Ackman, Jacob Helberg, and prominent former Democrats backing President Trump in the 2024 cycle.

In response to the reported cash-borrowing discussions, DNC Chair Ken Martin told the Times, “That’s certainly not our plan right now,” adding, “I don’t know if we’ll have to at this point.”

“It is incredible that [Martin] has not sought to bring all the factions of the party together. He assumed the chairmanship after being opposed by the Democratic leader of the House, the Democratic leader of the Senate, organized labor leaders and many of our country’s leading governors,” a DNC official told The Post.

“And so you would assume after he becomes chairman… he would try to bring all of the party officials together and unite the party. And he’s doing just the opposite.”

“It could have an impact on governors races, it could have an impact on the midterm elections. It’s totally unnecessary,” the official added. “Either he changes tactics and mends fences very quickly or he ceases to be relevant.”

The latest federal records show that by late April, the DNC’s war chest shrank to just under $18 million — approximately one quarter of the cash currently in the RNC’s coffers.

More over at The New York Post: