ad info

>> allpolitics >> TIME
 WORLD
 U.S.
 LOCAL
* ALLPOLITICS
 guide: gov.,sen.,rep.
 TIME
 analysis and 'toons
 community
 WEATHER
 BUSINESS
 SPORTS
 TECHNOLOGY
 SPACE
 HEALTH
 ENTERTAINMENT
 BOOKS
 TRAVEL
 FOOD
 ARTS & STYLE
 NATURE
 IN-DEPTH
 ANALYSIS
 myCNN

 Headline News Brief
 news quiz
 daily almanac
 Multimedia:
 video
 video archive
 audio
 multimedia showcase
 more services
  E-MAIL:
Subscribe to one of our news e-mail lists.
Enter your address:
Or:
Get a free e-mail account

 DISCUSSION:
 message boards
 chat
 feedback

  CNN WEB SITES:
CNN Websites
 AsiaNow
 En Español
 Em Português
 Svenska
 Norge
 Danmark
 Italian

 FASTER ACCESS:
 europe
 japan

 TIME INC. SITES:
 CNN NETWORKS:
Networks image
 more networks
 transcripts

 SITE INFO:
 help
 contents
 search
 ad info
 jobs

 WEB SERVICES:


Fund raising

cover image

Strapped for cash, the D.N.C. goes for broke

By Viveca Novak/Washington

January 10, 2000
Web posted at: 11:26 a.m. EST (1626 GMT)

Democratic congressional candidates were raking in money last year. Not so the Democratic National Committee. The D.N.C.'s year-end finance report at the end of this month will chart about $40 million in donations in 1999--well below the $48 million it rang into its coffers four years earlier. That leaves the party with just $2.5 million in the bank at a crucial time. By late March AL GORE or BILL BRADLEY will emerge victorious but dead broke and dependent on the D.N.C. to carry on the campaign until the August convention, when each party's nominee gets public funding. Meanwhile, likely G.O.P. victor GEORGE W. BUSH will be waging war with his multimillion-dollar stockpile. The dire straits have prompted BILL CLINTON to sign on for a major fund-raising tour in the next few months, party sources tell Time, headlining at least a dozen events in a bid to raise an additional $40 million in the first quarter. The D.N.C. suffered as Democrats' House and Senate campaign funds hit historic highs: more than $32 million for the House committee, more than $25 million for the Senate one--its best off-year ever. Also, new D.N.C. chair ED RENDELL spent his early weeks planning a fund raiser for his 2002 gubernatorial bid; he was Philadelphia mayor until Jan 1. Ever optimistic, the D.N.C. notes it has no legal fees or campaign debts for the first time since '96.

--By Viveca Novak/Washington

MORE TIME STORIES:

Cover Date: January 17, 2000


Search CNN/AllPolitics
          Enter keyword(s)       go    help





© 2000 Cable News Network, Inc. All Rights Reserved.
Terms under which this service is provided to you.
Read our privacy guidelines.
Who we are.