Republicans' Cash Advantage Ebbs as Vote Nears
Democratic Fund Raising
Ramped Up in September;
Parity Seen for Final Weeks
By JEANNE CUMMINGS
October 20, 2006; Page A4
The Democratic Party's three major campaign committees raised more money last month than their Republican counterparts, slicing deep into a financial edge Republicans hoped would provide an advantage in the final weeks of the bruising campaign for the midterm elections.
According to the reports -- among the final tallies filed before Election Day -- the three Democratic committees collectively raised $33.6 million, compared with $30 million by the Republicans. The strong showing cut the cash-on-hand advantage Republicans had a month ago to about $10 million, or nearly half. That is money the committees can use to buy television and radio ads for candidates.
"If one party has fund-raising momentum, it's very helpful at this stage," said Michael Malbin, of the Campaign Finance Institute, a nonpartisan organization that tracks political money.
According to figures released yesterday, both the House and the Senate Democratic campaign committees raised more in September than the Republican National Committee, the party's fund-raising powerhouse.
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