It appears the Republican party is having a cash flow problem. Too bad.
The development comes as Republican officials and big donors are complaining that the RNC has insufficient money to help the party's candidates in advance of the November elections.
"There have been some concerns from some of the
committee members about the money on hand and how much money comes in," said Gary Emineth, chairman of the North Dakota Republican Party. "There just isn't a lot of cash available."
GOP consultant Scott Reed said that "usually, at this phase of the game you are raising and saving a lot of money. But that's not what is happening."
But some of Mr. Steele's critics say the RNC's current balance also reflects a falloff in fund-raising from wealthy donors.
Raising money from smaller donors costs far more than drawing large contributions, according to people who work in the field. For each dollar raised from a small-dollar donor, a political party typically spends about 75 cents on mail, phone calls and other solicitations.
Cash Scarcity Concerns GOP