RNC continues to burn through cash

The Republican National Committee (RNC) continues to trail badly in fundraising. It pulled in $7.9 million in August — of which $7.57 million came from contributions to the committee.

The Democratic National Committee, meanwhile, raised $10.9 million last month.

The RNC will have to rely heavily on debt to get it through the next six weeks. The committee has only about $4.7 million cash on hand, but has a $10 million line of credit it hasn't yet drawn upon, according to a party official.

The committee's cash on hand dropped about $500,000 in August from $5.29 million in July.

The DNC has $13.4 in cash reserves as it looks to help bolster the party’s chances of holding power. The committee also has a line of credit to reinforce its spending power.

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