"Heading into 2012, the RNC will be operating from a position of significant fiscal strength, and, with the approaching caucuses and primaries, the political momentum is firmly on our side," RNC Chairman Reince Priebus said in a statement.

But Republicans owe about $13.4 million, while Democratic debt totals just $7.8 million. An RNC official said the committee has completely paid off its debt to vendors, and all that remains is bank debt.