Truthmatters
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The Fix - RNC is $23 million in debt
The Republican National Committee has about $23 million in debt as it prepares for the 2012 election cycle, new Chairman Reince Priebus announced Monday.
The committee's year-end financial report will show $21 million in debt through Dec. 31, Priebus said, but a more up-to-date total is closer to $23 million. That's about $8 million higher than previously reported.
"While the year-end FEC report reveals the Republican National Committee is $21 million in debt, I believe it is best to get out all the facts as we know them associated with our financial position," Priebus said in a statement. "To date, the committee has approximately $23 million in debt: $15 million in loans, and $8 million owed to vendors."
The Republican National Committee has about $23 million in debt as it prepares for the 2012 election cycle, new Chairman Reince Priebus announced Monday.
The committee's year-end financial report will show $21 million in debt through Dec. 31, Priebus said, but a more up-to-date total is closer to $23 million. That's about $8 million higher than previously reported.
"While the year-end FEC report reveals the Republican National Committee is $21 million in debt, I believe it is best to get out all the facts as we know them associated with our financial position," Priebus said in a statement. "To date, the committee has approximately $23 million in debt: $15 million in loans, and $8 million owed to vendors."