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The Democratic National Committee has secured a $15 million loan using its headquarters as collateral, marking the largest loan for an off-year election in its history. As of June 30, the DNC reported $18.5 million in debt and $16.3 million in cash, raising concerns about its financial flexibility ahead of the midterm elections.
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The Democratic National Committee has secured a $15 million loan using its headquarters as collateral, marking the largest loan for an off-year election in its history. As of June 30, the DNC reported $18.5 million in debt and $16.3 million in cash, raising concerns about its financial flexibility ahead of the midterm elections.
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Debt-ridden Democrats tap a surprising asset as collateral for $15M loan
Democratic National Committee Secures $15 Million Loan Using Headquarters as Collateral