The GOP won big in the midterm election, but both parties are running about even when it comes to the amount of debt their campaign committees racked up this year.
Both the Republican National Committee and the Democratic National Committee filed reports this week that showed they are each about $15 million in the red.
The RNC is worse off financially because it only has about $1.9 million in the bank to pay its bills. The committee has informed vendors that they would not be paid on time, The New York Times
The DNC reported having $9.7 million cash on hand.
The Times points out that the RNC's large cash-to-debt gap could make re-election difficult for Michael Steele, should the party chairman decide to seek reelection.
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