- The Washington Times - Tuesday, May 20, 2014

The Democratic National Committee is poised to announce its latest fundraising tally today, and experts say that the group has made a significant dent in it’s debt.

DNC officials released a summary of the group’s financial position showing that the party has raised $9 million in the last month and is expected to announce that it has paid off all of its bank debt.

However, the party organization continues to pay off nearly $7 million in debt to vendors.

The DNC has been known for high debt levels in recent years, reaching $22.5 million after the 2012 election and hovering around $15 million at the start of the year.

A DNC official told CNN that the organization’s April filing will show that the party submitted two debt payments totaling almost $4 million, and another $2 million will be reported in next month’s filing.

“With six months until Election Day, we’re on our best financial footing since before the 2012 Election,” the official told CNN.

The Republican National Committee has not yet released its numbers for April but had impressive filings in March, bringing in $10.2 million with $12.3 million cash on hand and no debt.