It is widely expected that the Democratic Party is going to absorb a pounding by the time polls close on Election Day 11/2/10, but they will enter the stretch run with a somewhat surprising win in the August fund-raising derby.
In August, the Democratic National Committee pulled in $10.9M, and has $13.4M on hand. Its counterpart, the Republican National Committee added $7.9M.
The Democratic Congressional Campaign Committee gained $8.3M in August and had $39.1M in the bank as of 9/1/10. Both figures were well ahead of the National Republican Congressional Committee, which picked up $6.6M and has $25.6M on hand.
Democrats also won the August money race in the Senate, but also spent more, allowing the Republicans to take the lead in the money in the bank category. The Democratic Senatorial Campaign Committee pulled in $7.4M and has $22.9M, while the National Republican Senatorial Committee pulled in $6.0M and has $24.5M.
The Washington Post’s Chris Cillizza noted that the results were somewhat of a surprise against a backdrop of Democratic “doom and gloom.”
RBR-TVBR observation: The bottom line is that both parties are position to put up a fight during the final weeks of the campaign, and there is plenty of cash that will be flowing from the six Washington committees to hot spots, wherever they may be.