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CQ POLITICS NEWSThe Democratic Congressional Campaign Committee reported a massive cash advantage over its Republican rival weeks before Election Day, according to Federal Election Commission reports filed Thursday.
The DCCC had $24.8 million in the bank as of Oct. 13 and also reported taking out a $17 million Bank of America loan on Oct. 6, which the committee has not had to use so far. The National Republican Congressional Committee, meanwhile, reported $11.3 million on hand in its pre-general election fundraising report, which covers the period of Oct. 1-13.
The disparity largely reflects differing spending strategies that saw Republicans pour more money far earlier into races across the nation. But the new figures reveal that Democrats caught up to Republicans in overall spending in the first half of the month and are better positioned to help vulnerable candidates in the final weeks of the campaign.
Republicans will largely depend on money flowing in from third-party conservative groups to bolster their candidates in the final week of the campaign.
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