The Democratic National Committee raised $8.5 million in June, the month of the Democratic debates in Miami, $1.7 million more than during the previous month, new disclosures show.
The DNC spent almost as much money as it raised — $7.5 million — during that time and finished the month with $9.3 million cash on hand. The Republican National Committee has yet to disclose its June fundraising, but finished May with a significantly larger pot of $37 million cash on hand.
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The DNC spent heavily on expenses related to putting on major events during the month of the Democratic debates: The committee reported spending $221,000 on catering, $106,000 on “event production & site rentals,” $61,000 on “event decorations,” $50,000 on expenses marked as “event consulting” and $19,000 on security. The filing did not specify which expenses were related to the debates in late June.
A number of major Democratic party donors cut checks to the DNC during the month of June: Hedge fund manager James Simons gave the committee $319,500; New York investor Mark T. Gallogly gave the committee $102,500; former Secretary of Commerce Penny Pritzker gave the committee $100,000; and investor David E. Shaw gave the committee $35,500.