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    DNC raises $6.7 million in July

    WASHINGTON (AP) — The Democratic National Committee raised $6.7 million in July, hurt by the cancellation of fundraisers headlined by President Barack Obama as he negotiated a debt ceiling deal with Republicans.

    The party's fundraising included $2.2 million for the Obama Victory Fund, a joint fundraising account by the DNC and Obama's campaign. Obama did not attend any fundraisers in July and Democratic officials said most of the victory fund money came from events held by first lady Michelle Obama, Vice President Joe Biden and others.

    Summertime is typically a slow period for political money as many donors are on vacation and few events are held. July was the DNC's lowest monthly amount since Obama launched his re-election campaign in April.

    The Republican National Committee was expected to file its monthly totals later Saturday.

    Through the end of July, the DNC reported $20.1 million in the bank. It ended the month with $11.2 million in debt.

    Obama's campaign and the DNC raised a combined $86 million during the spring fundraising quarter ending in late June, giving the president a large money advantage over any potential Republican rival.

    The campaign had to cancel 10 events while Obama and his staff remained in Washington for the showdown over raising the government's debt limit. As a result, the campaign has said it does not expect to raise as much in the summer as it did during the spring.

    In August, Obama has held fundraisers in Chicago, New York and Washington.

    ___

    Ken Thomas can be reached at http://twitter.com/AP_Ken_Thomas

     

    65 comments

    • claw  •  8 mths ago
      I am now convinced that Obama is trying to lose the next election. He has started giving the Republicans whatever they want. He has refused corporate and lobbyist donations to his campaign, and he is cancelling fundraising events. It's like he wants to quit and this is his way of doing it in a way that will save face.
    • Jason  •  9 mths ago
      Who could possibly be donating money to the DNC right now? I guess it's just like here on Yahoo, where it is painfully obvious that anyone supporting Obama and his henchmen must be benefiting from an entitlement program of some sort...they must just want the gravy train to continue.
    • dont go away mad, just go ...  •  9 mths ago
      Obama negotiated the debt-ceiling deal..Wow--he is amazing with his catch phrases and little else. This guy has zero negotiating skills; just playing the blame game. He needs to go to Oz and ask for a heart and some courage. Can we at least find a candidate who can take charge, work on compromise and create jobs?
    • John  •  9 mths ago
      Alvin- Hilary could'nt even handle her old man & you want to hand her the whole country?
    • Romney equals Obama  •  9 mths ago
      Ron Paul - the one the media ignores, raised $1.6 million yesterday, his birthday, in a big money bomb.

      You won't hear about it though because the press oligarchs are afraid of him.
    • Alvin  •  9 mths ago
      It's not just event cancellations - it's DNC's inability to produce results. The public is sick and tired of wimpy Democrats who forget why they were elected. Puny Teabaggers are holding the country hostage and what do the Democrats do? Wimp out! Bring back a real Democrat with some balls - Hillary Clinton!
      • None Ya Biz 9 mths ago
        lol...thanks for showing all of us that liberalism really does require ignorance.
    • Mike Bloise  •  9 mths ago
      Obama said, " I gave 10,000,000 dollars to my contributors in Tax payers money! In return... I get a 1,000,000 dollars back in campaign contributions!"
    • Impeach Obama  •  9 mths ago
      --Call ICE toll-free at 1-866-DHS-2ICE to report Illegals and suspicious activity.
      --Write your Washington Reps at WRITEREP dot HOUSE dot GOV; complain, request impeachment, let them know they will not have your vote unless they do something about illegal immigration and Obamacare money going to illegals.
      --Contact your representative to get YOUR RIGHTS BACK.
      --Go to WRITEREP dot HOUSE dot GOV .. .."
      ..
    • Paula  •  9 mths ago
      I am a lifelong Democrat....BUT I will never ever never send another DIME to the DNC....the way they treated Hillary and her supporters (me) I will NEVER FORGIVE them.....I send money DIRECTLY to whomever I want to support. The DNC pooped in their own post toasties and I am sure I am not the only one not sending them $$
    • Yahoo  •  9 mths ago
      much more than whatever amount the Republicans settled upon? From 1995 to 2000 the Republican Congress did a great job holding down spending, and it was THEY, not Bill Clinton, who were responsible for balancing the budget. After Bush came to office in they succumbed to incumbency protection-motivated spending, and they have been thoroughly chastised for it by conservative activists for years now. (I believe they have gotten the message.) The costly Medicare expansion was as I understand it was supported, not opposed by Democrats. If you go back to any year you will find congressional Democrats were NOT trying to hold down Republican spending but calling them nasty names for not spending far more.

      But this is nothing new. In 1992 the Democrats ran against George H.W. Bush for raising taxes even though he did so at THEIR demand over Republican protests.
      • Capt 9 mths ago
        You are living in the past! Check out the future!
    • nan  •  9 mths ago
      It doesn't matter how much is raised by Democrats, thanks to Citizens United Republicans will out spend Democrats.
    • miralynne  •  9 mths ago
      Good, Now if only they would apply this to aid and feed the starving children who are dying, I might be impressed. Or even if it was applied to our debt that the democrats shot out of sight!!!
      • Doug 9 mths ago
        I suppose you are talking about Somolia? All that food was stolen by locals and sold! So, all that money goes for is to buy guns for Somolian rebels. Better to apply it to the debt, after the Democrats in power who would only spend it are voted out.
    • charna  •  9 mths ago
      What you mean there are actually people who support the Democratic Party? Listening to Fox News and all the stupid Tea Party posts on Yahoo I thought maybe they were the only party? I believe Abraham Lincoln said "You can fool some of the people some of the time, but you can't fool all of the people all of the time!" And of course don't forget as PT Barnum of Ringling Brothers Circus fame while addressing a crowd (probably all Republicans) said "There's a sucker born every minute"!
      • Yahoo 9 mths ago
        and you sir re defintenly the sucker..And all the village idiots democrats and liberals..
      • Cannibal 9 mths ago
        FOX is made up of small town news paper, look at the links on their web page. Plus Homeland Security publishes FOX stories on their home page.
        Can I ask, why did Reuters, AP, The Atlantic Wire, PBS, and others receive stimulus money for their News Publication, what jobs did you create?
        Google "stimulus tracking"
    • Charles  •  9 mths ago
      It's a good excuse wich Obama is an expert at. Could be nobody wants to contribute to a LOSER!!!
    • Your worst nightmare  •  9 mths ago
      Who has this kind of money laying around? Ordinary people sure in the hell don't! A large percentage of Americans are jobless.
    • Charles  •  9 mths ago
      Hey Libs you better start coughing up some of thata unearned money.
      • Janice Jones 9 mths ago
        If people like you are willing to cough up your unearned money and give it to a so called fake politician by saying "Dog gone it" over and over again and NEVER completing a FULL sentence... we will, thank you!!! Sending the President a check now!!1
    • Silent Majority  •  9 mths ago
      Tax Reform Now… “We the People and Small Business” are nothing more than an ATM machine for Big Business Tax-Breaks…

      General Electric makes $14 billion in profits pays $0 tax… they use one of their Tax-Breaks (offshore) to relocate their factories to third-world countries and they use third-world labor… small U.S. factories cannot compete and U.S. jobs are lost...

      They bring back their third-world products to sell in the U.S… they mark-up their pricing to match the competition… their executives get bigger salaries, stock options and perks… they pay out just enough dividends to maintain an inflated stock value (market vs. book) to attract foreign investors…

      They hire Lobbyists and contribute PAC (Super) money to the Politicians, who fight to make and keep their legal Tax-Breaks… these Big Business Tax-Breaks get shifted on to the backs of “We the People and Small Business” who cannot afford to lobby the Politicians…

      Other Fortune 1000 Corporations using Lobbyists & PAC money to get the Politicians to make and keep the tax laws for their own Corporate self-interest… Exxon Mobil makes $19 billion in profits gets $156 million tax refund… Chevron makes $10 billion in profits gets $19 million tax refund… Bank of America makes $4.4 billion in profits gets $1.9 billion tax refund… Valero Energy makes $695 million in profits gets $157 million tax refund… Citigroup makes $4 billion in profits pays $0 tax… Boeing awarded $30 billion defense contract gets $124 million tax refund… and the list goes on…
    • David  •  9 mths ago
      its a start use it to pay back the trillions of dollars you demoncraps have wasted in the last 5 years
    • uub  •  9 mths ago
      That's about how much obummer's impeachment trial should cost.
    • MIDCLAS61  •  9 mths ago
      RON PAUL - 2012
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