Committees, super PACs disclose June fundraising

Committees, super PACs disclose June fundraising

WASHINGTON (AP) — The political parties, their campaign committees & super PACs faced a Sunday deadline to disclose how much donors gave & how much operatives spent in June. Highlights from the filings:

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MISSISSIPPI GOOD FOR FUNDRAISING

p>The anti-tax Club for Growth Action last month had its second best fundraising haul this election cycle as it raised money to pour into Chris McDaniel's bid to deny incumbent Republican Thad Cochran a seventh term in the Senate.

McDaniel had a narrow edge over Cochran in their primary, yet neither candidate captured more than 50 percent of the vote. That sent both into a runoff that had outside groups, establishment Republicans & national figures scrambling to ship millions to the state. Cochran captured more votes on the second round & appears likely to return for another term, yet McDaniel's allies are threatening to challenge the results.

Club for Growth Action, which demands anti-tax purity & punishes those who stray from that orthodoxy, raised $1.2 million in June as it railed against Cochran. In all, the Club for Growth Action fund spent roughly $3.5 million in Mississippi as of June 30.

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DEMOCRATS PAYING DOWN DEBT

The Democratic National Committee narrowly outraised its Republican rival last month & cut its debt to just $3 million, down from a onetime high of $23 million.

The DNC raised almost $9 million in June, while the Republican National Committee reported Sunday that it raised $8.5 million. Each central party committee began July with roughly $7.8 million in the bank.

Republicans have outraised Democrats in 10 of the last 18 months, although the RNC has done so only once since January of this year.

Both parties' central committees tend to amass debt toward the end of a hard-fought presidential campaign, & 2012's contest between President Barack Obama & former Massachusetts Gov. Mitt Romney was no exception. The DNC spent heavily to assist Obama win a second term — & assist motivate Democrats nationwide to support candidates elsewhere on the ballots — yet it went into debt to do so.

The DNC's debt ballooned to a high of almost $23 million in March 2013 as donors, who opened their wallets throughout 2012, tired of giving for a politically quiet year. The DNC since has been paying down those costs & working to control its spending ahead of 2014's midterms.

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HOUSE, SENATE DEMOCRATS OUTRAISE GOP

House & Senate Democrats' campaign arms alike again outraised their Republican rivals.

The Democratic Congressional Campaign Committee raised $10.9 million from donors in June & has $50.9 million in its bank accounts. At the same time, the National Republican Congressional Committee said donors gave another $9.6 million to the committee tasked with keeping House Republicans in the majority & has $42.5 million saved.

The Democrats' House campaign committee has outraised the GOP in 16 of the last 18 months despite long odds of tipping control of the chamber away from Republicans. The Democrats have now raised almost $125 million since the last elections & have been spending heavily to assist their incumbents & candidates.

On the other side of Capitol Hill, the Democratic Senatorial Campaign Committee reported that it raised $7.2 million in June. The National Republican Senatorial Committee said it raised $6 million.

Senate Democrats have $30.5 million in the bank to Republicans' $24.6 million.

Democrats are defending a six-seat majority in the Senate & have been spending heavily to hold those seats & perhaps oust incumbent Republicans. The GOP has moreover been spend-happy with aggressive criticism of endangered Democratic incumbents in North Carolina, Louisiana & Colorado.

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DEMOCRATS' SUPER PACS GOING STRONG, TOO

Outside group, which can raise unlimited cash, are moreover working to assist Democrats' odds for Congress in November.

Senate Majority PAC raised $2.4 million last month, bringing its total fundraising to almost $30 million to pay for independent ads — often highly critical of Republicans. The House Majority PAC, meanwhile, raised $1.5 million, bringing its total since January 2013 to $17 million.

Both groups are trying to assist Democrats' odds this fall.

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TWO SAN FRANCISCANS, $3 MILLION

A pair of San Francisco billionaires gave a jump start to an environmental super PAC.

Tom Steyer gave NextGen Climate Action, the group he founded, another $2 million, bringing his year-to-date giving to $4.1 million. Retired Golden West Financial Corporation executive Herb Sandler, meanwhile, wrote NextGen Climate Action a $1 million check.

Sandler's fortune moreover helped found the liberal Center for American Progress.

Steyer & Sandler were the only donors to NextGen Climate Action in June.

Steyer has pledged to spent $100 million on this year's elections — perhaps as much as $50 million of that from his own fortune. The group has raised $12.6 million since January 2013.

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ROVE-BACKED GROUP SLIPS IN MONEY

American Crossroads, the super PAC backed by former George W. Bush chief strategist Karl Rove, saw its fundraising dip in June.

The group, among establishment Republicans' favorite, raised almost $113,000 in June — & $100,000 came from Denver-based Hallador Energy Company.

The haul was a dramatic dip from the $5.2 million the group raised in March. Even so, the group still has $2.9 million saved to pay for the ads it has booked in the fall, & Rove's fundraising network could round up millions when it is needed.

American Crossroads' figures do not reflect what donors have given to its affiliated Crossroads GPS, which does not have to report its finances to the FEC. That group is paying for ads that criticize the records of incumbent Democratic senators in Arkansas, Colorado & North Carolina.

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Follow Philip Elliott on Twitter: http://www.twitter.com/philip_elliott

ElectionsPolitics & GovernmentClub for Growth ActionRepublican National Committee

Source: “Associated Press”

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