Dems outpace GOP in fundraising

Updated

The DNC announced today it raked in $10.5 million last month, well ahead of the GOP. This amount includes money from the Obama Victory Fund, a joint fundraising account by the DNC and Obama’s re-election campaign.

The RNC’s said it collected $6.2 million donations in May. Republican officials estimated they were $24 million in the hole when RNC chairman Reince Priebus took over. They said they reduced their debt by half last month.

The Obama campaign wants to raise at least $60 million by the end of June. The campaign is on track to surpass the $750 million in 2008.

Dems outpace GOP in fundraising

Updated