By the end of December, the DCCC will have wiped out its lingering $19 million in debt left over from the 2010 cycle. They had projected they would be in debt through the first quarter of 2012.
Via an interview with Politico and DCCC chair Rep. Steve Israel:
“It frees up resources to invest in races instead of a bank,” Israel said, adding that Democrats were able to save tens of thousands of dollars in interest payments thanks to paying off their loans early. “I have been very pleasantly surprised by our entire fundraising plan. We are ahead of expectations; we’ve outraised the [National Republican Congressional Committee] by close to $4 million. Our fundraising has been a pleasant surprise.”
