Kludge
02-01-2011, 11:38 AM
"WASHINGTON (AP) -- Newly elected Republican National Committee Chairman Reince Priebus took the job with $23 million in debt and cut a third of the staff he inherited from his predecessor, the controversial and gaffe-prone Michael Steele.
In year-end federal finance reports on Monday, the GOP central committee showed that $2 million of its debt came during Steele's final two weeks as he sought to keep hold of his chairmanship. The Democratic National Committee, meanwhile, reported a continued fraction of that debt but had enough cash in the bank to pay off the loans immediately.
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Full story @ http://hosted.ap.org/dynamic/stories/U/US_REPUBLICAN_COMMITTEE_DEBT?SITE=ALANN&SECTION=HOME&TEMPLATE=DEFAULT
In year-end federal finance reports on Monday, the GOP central committee showed that $2 million of its debt came during Steele's final two weeks as he sought to keep hold of his chairmanship. The Democratic National Committee, meanwhile, reported a continued fraction of that debt but had enough cash in the bank to pay off the loans immediately.
..."
Full story @ http://hosted.ap.org/dynamic/stories/U/US_REPUBLICAN_COMMITTEE_DEBT?SITE=ALANN&SECTION=HOME&TEMPLATE=DEFAULT