RNC Seeking Credit Line In Money Crunch
Who knows, perhaps the RNC will soon have their own GoFundMe or a GiveSendGo.
"A party official close to RNC Chairwoman Ronna McDaniel insisted the new credit line was nothing unusual." Sure, Jan.
Source: Washington Times
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.