The Democratic National Committee reported Wednesday that they took out a massive $1.7 million loan in February, bringing their total debt to a staggering $6 million, The Daily Caller reports.
According to paperwork filed with the Federal Election Commission, the DNC requested — and was given — an extended line of credit from a New York financial institution, bringing their total cash on hand to approximately $10 million.
The DNC has had a difficult time raising money since losing the presidential election in 2016. Even as progressive groups — including “Resistance” groups — have found themselves flush with cash, as donors enraged by president Donald Trump have opened their wallets, the DNC managed to raise a mere $6 million in February, half of what the Republican Party raised. – READ MORE