Jump to content

RNC seeking new credit line to help climb out of money hole


Valin

Recommended Posts

The Washington Times

Kerry Picket

January 26, 2024

The cash-strapped Republican National Committee will consider opening a line of credit when members gather for their winter meeting that starts Tuesday in Las Vegas, The Washington Times has learned.

The credit-line question will be put to a vote by RNC members at the meeting.

The RNC‘s money problems have been mounting since officials announced last summer a $15 million shortfall from projected fundraising levels, with both big-dollar and small-donor contributions drying up.

“They’re going to ask the members to take a vote on opening up a line of credit for the RNC, which would allow the RNC to borrow money,” an alarmed RNC member told The Times.

A party official close to RNC Chairwoman Ronna McDaniel insisted the new credit line was nothing unusual. The official said the executive committee authorizes more credit every year in case it is needed, but that does not mean the party will draw from it.

(Snip)

_________________________________________________

H/T The Right Scoop

Link to comment
Share on other sites

13 hours ago, Valin said:

A party official close to RNC Chairwoman Ronna McDaniel insisted the new credit line was nothing unusual. The official said the executive committee authorizes more credit every year in case it is needed, but that does not mean the party will draw from it.

Gotta keep Ronna and company in the VIP suites after all. . . .

  • Like 1
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • 1718692128
×
×
  • Create New...