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April 16, 2014

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RNC: $81M raised last year, $9M banked

Updated Friday, Jan. 31, 2014 | noon

WASHINGTON (AP) — The Republican National Committee raised almost $81 million last year and has $9 million banked for this year's elections.

The RNC also says it's debt-free. That's according to reports filed Friday with the Federal Election commission.

Reince Priebus (ryns PREE'-bus) is RNC chairman. Priebus says his party easily outraised Democrats last year and enters 2014 in a position of strength and on solid financial footing.

Much of the RNC's spending was on technology and hiring operatives outside Washington.

The RNC is trying to rebuild after losing back-to-back presidential elections.