AP: Parties Amassed Debt in Election Effort

[Eugene]

Parties Amassed Debt in Election Effort

By JIM KUHNHENN
The Associated Press
Wednesday, December 6, 2006; 5:03 PM

WASHINGTON -- Both political parties assumed millions of dollars in debts
in the waning days of the congressional campaign as the election intensified
and the prospects of a power shift became more apparent.

The Democratic Congressional Campaign Committee is trying to pay off a $10
million debt and the National Republican Senatorial Campaign is more than
$1 million in the red. Other party committees also were expected to report
various levels of debt in documents to be filed Thursday with the Federal
Election Commission.

-snip-

Both sides have mounted campaigns to recoup their money. DCCC Chairman
Rahm Emanuel and House Speaker-to-be Nancy Pelosi met with members of the
Democratic caucus this week and urged them to donate to retire the debt.

-snip-

Sen. Elizabeth Dole of North Carolina, the outgoing head of the NRSC, appealed
for money in a fundraising letter to GOP donors last month. The NRSC teamed up
with the Republican National Committee in a futile attempt to hold onto the GOP's
Senate majority.

-snip-

Full article: http://www.washingtonpost.com/wp-dyn/content/article/2006/12/06/AR2006120601459.html