DNC Reportedly May Need To Borrow Cash To Keep Lights On

The Democratic National Committee (DNC) has been grappling with infighting and a decline in donations in recent months, The New York Times reported Wednesday.

DNC Chair Ken Martin, who was elected in February, has overseen slowing fundraising from major donors, the NYT reported. Some top DNC officials have even floated the idea of whether it may be necessary to start borrowing money to continue paying the bills, according to the NYT.

Six anonymous sources told the NYT that major Democratic donors have been extremely slow to donate to the party this year. Additionally, two anonymous sources told the outlet that senior DNC officials have even floated the idea of potentially borrowing money in the coming months.

Rufus Gifford, who served as the finance chairman of former Vice President Kamala Harris’ 2024 presidential campaign, told the NYT that Democrats “need to come together and focus on the issues at hand.”

“What they are seeing is headline after headline of incompetence and infighting, and I think that is a real problem not just for the DNC but for the larger Democratic brand,” Gifford told the outlet. “We need to come together and focus on the issues at hand. That’s got to happen now. And I mean today. And if that can’t happen, we need to shift course.”

Democratic Wisconsin Rep. Mark Pocan told the NYT that the recent drama in the DNC was “worse than some high school student council drama.”

Martin told the NYT that he believes many major Democratic donors were “frustrated” by the results of the 2024 elections.

“People invested more money than they ever had before, they dug deeper than they ever had, and they are quite frustrated by the result,” Martin told the outlet. “They want answers. I don’t take it personally. I wasn’t in charge.”