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U.S. Elections

FEC filings reveal Dem finances following most expensive election in US history

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One month after the election, new financial details have emerged regarding the Democratic and Republican National Committees and the parties’ top supporting PACs. Political candidates rely on several funding sources, including official party committees, campaigns and super PACs.

A significant amount of attention has focused on the Harris campaign, which reportedly raised more than $1.4 billion. The Democratic National Committee (DNC) reported nearly $50 million in the bank after the election.

Combined with the broader Harris campaign, the DNC and its affiliates had $84 million as of Nov. 25, following weeks of continued fundraising.

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Meanwhile, Future Forward, the largest Democratic super PAC, ended the election cycle with nearly $50 million in debt, according to filings reviewed by the Washington Post. The unpaid bills are primarily related to media buys and advertising costs, according to filings.

The massive spending from all fundraising entities has come under scrutiny from high-profile Democratic strategists. James Carville, during a recent appearance on the “Politics War Room” podcast, called for audits of the financial statements.

“Without complete transparency, the campaign — we think — raised a billion and a half dollars,” Carville said. “Okay, we know that Future Forward, the last we saw, was $900 million, so we can assume that they got to a billion before the election. That’s two and a half billion dollars. We’re going to audit the campaign. We’re going to audit Future Forward. We’re going to audit the DNC so people can know.”

On the Republican side, the Republican National Committee and Trump’s campaign reported $124 million in cash following the election, according to FEC filings.

Billionaire Elon Musk contributed more than $250 million to support Trump and other Republican candidates. Filings state his donations went through the “America” super PAC and other affiliated groups.

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WE’RE LEARNING MORE ABOUT THE FINANCIAL SITUATION COMING FROM THE DEMOCRATIC AND REPUBLICAN NATIONAL COMMITTEES AND SUPER PACS ONE MONTH SINCE THE ELECTION.

POLITICAL CANDIDATES RECEIVE FUNDING FROM SEVERAL POTS OF CASH.

YOU’VE GOT OFFICIAL PARTY COMMITTEES, CAMPAIGNS AND SUPER PACS. 

A LOT OF THE BUZZ AROUND FINANCES FOLLOWING THE ELECTION SURROUNDED THE HARRIS CAMPAIGN – WITH REPORTS OF IT RAISING MORE THAN 1.4 BILLION DOLLARS.

THE DNC REPORTED HAVING NEARLY 50 MILLION DOLLARS LEFT AFTER THE ELECTION.

THE DNC AND BROADER HARRIS CAMPAIGN TOGETHER – HAD 84 MILLION DOLLARS AS OF NOVEMBER 25TH – AFTER WEEKS OF CONTINUED FUNDRAISING FOLLOWING  ELECTION DAY.

THE LARGEST DEMOCRATIC SUPER PAC “FAST FORWARD” ENDED NEARLY 50 MILLION DOLLARS IN DEBT.

ALL OF THOSE UNPAID BILLS ARE RELATED TO “MEDIA BUYS” OR “ADVERTISING” ACCORDING TO THE FILINGS.

THE MASS SPENDING BETWEEN ALL FUNDRAISING ENTITIES – HAS BEEN UNDER SCRUTINY BY HIGH-PROFILE DEMOCRATIC STRATEGISTS.

WITH JAMES CARVILLE CALLING FOR AUDITS OF FINANCIAL STATEMENTS.

SAYING DURING A “POLITICS WAR ROOM PODCAST” –

“Without complete transparency, the campaign — we think — raised a billion and a half dollars. Okay, we know that Future Forward, the last we saw, was $900 million, so we can assume that they got to a billion before the election. That’s two and a half freaking billion dollars.We’re going to audit the campaign. We’re going to audit Future Forward. We’re going to audit the DNC so people can know.

ON THE REPUBLICANS SIDE –

THE RNC AND TRUMP CAMPAIGN HELD ONTO 124 MILLION DOLLARS IN CASH AFTER ELECTION DAY ACCORDING TO ITS FEC FILINGS.

BILLIONAIRE ELON MUSK CONTRIBUTED MORE THAN A QUARTER BILLION DOLLARS TO SUPPORT TRUMP AND OTHER REPUBLICAN CANDIDATES –

LARGELY DONATING THROUGH THE “AMERICA” SUPER PAC AND OTHER PACS.

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