WASHINGTON (AP) — The Democratic National Committee inched past its GOP rivals' fundraising last month.
The Republican National Committee on Friday reported raising almost $8.2 million in May. The DNC raised close to $8.8 million and reduced its debt to less than $5 million for the first time since mid-2012.
Republicans, however, have an almost 2-to-1 cash advantage. The RNC has $13.5 million in the bank. The DNC has $7.9 million saved.
The DNC amassed significant debt as it spent heavily on President Barack Obama's re-election bid in 2012. That red ink ballooned to a high of almost $23 million in March 2013 as bills came due. That debt has now shrunk to $4.9 million.
The RNC has outraised the DNC in 10 of the last 17 months.