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By Alex Seitz-Wald
WASHINGTON – First, the blue wave and then the red ink.
The new chairman of the Democratic Congressional Campaign Committee, to be chosen Wednesday in the party's internal elections, will inherit an $ 18 million debt contracted mid-way this year, told NBC News a source aware of group finances.
It is common for campaigns and party committees to end election cycles in the breach by throwing away everything they have – and sometimes – at an election, but the $ 18 million will have to be matched by a fundraiser before the new president can start building a warchest for the next election cycle.
The National Republican Congress Committee also spent a lot this year while it was fighting to defend the majority of the GOP, obtaining a $ 12 million line of credit that still has to be paid, according to the director. of the committee's communication, Matt Gorman.
Democrats have accumulated debt by winning at least 39 seats, taking control of the House and taking advantage of an exceptionally strong fundraising year. The DCCC received $ 272 million, of which $ 106.3 million was online.
But they spent a lot of time in an unusually large number of races and had to deal with GOP opponents, outside groups such as the Congressional Leadership Fund, which spent about twice as much as their Democratic counterpart, the super PAC.
Overall, it was the most expensive medium-term in history, with DCCC spending of at least $ 100,000 in each of the 80 congressional districts as they expanded the map to places where Democrats never had competed.
The National Democratic Committee, which had its own fundraising issues this year, gave the DCCC a little less money this year – $ 4.85 million – compared to the $ 5 million they have paid in 2014 and 2016, or the more than $ 7 million they paid in 2010, according to the source.
The DCCC took a turn after the successes achieved this year, including breaking the record margin of popular votes for a mid-term election.
His outgoing leader, the representative Ben Ray Lujan, DN.M., presents himself unopposed to hold a higher position in the hierarchy of the party congress, which will be voted Wednesday with the vote on the offer of the representative Nancy Pelosi, D-Calif. for the presidency.
The presidency of the DCCC, for which four Democrats are in the running: representatives Cheri Bustos, D-Ill .; Sean Patrick Maloney, D-N.Y .; Denny Heck, D-Wash .; and Suzan DelBene, D-Wash. This position was only recently elected, instead of being appointed by the party leader.
Alex Moe contributed.