The Democratic Congressional Campaign Committee has erased a $19 million-plus debt months ahead of schedule, a major achievement for a party committee that was reeling from electoral disaster in November 2010.
New York Rep. Steve Israel, chairman of the DCCC, told POLITICO in an interview that the committee will be debt free by the end of this month. The DCCC’s initial projection was that the debt from the 2009-2010 cycle would not be cleared until the end of the first quarter of 2012. Israel took over as DCCC chairman at the start of this election cycle.
via politico.com
