Obama Campaign, DNC End the Year in the Red

Twitter Facebook Google +1 Email Print Mixx MySpace Stumble Digg Google

President Barack Obama's re-election campaign and the Democratic National Committee ended 2012 with large debts.

Do You Like this Article? Then Like Us on Facebook.

Campaign finance reports filed Thursday show Obama's campaign ended the year with $5.8 million in debt while his party's political arm, the DNC, owed $21.4 million. The two groups ended the year with a combined $7.5 million in the bank.

The Republican National Committee, meanwhile, ended the year debt-free and started 2013 with $4.7 million in its coffers.

Mitt Romney's presidential campaign has not yet filed its report with the Federal Election Commission. A report filed in December showed it had $12.9 million in cash through Nov. 26 and $1.2 million in debt.

SOURCE: The Associated Press