🚨 BREAKING: Democrats Nearly BANKRUPT Less Than One Month After Elon Musk And Donald Trump Defund USAID. – Benny Johnson
Just months into the tenure of a new party leader, Ken Martin, the Democratic National Committee’s financial situation has grown so bleak that top officials have discussed whether they might need to borrow money this year to keep paying the bills, according to the NY Times.
Fund-raising from major donors — some of whom Mr. Martin has still not spoken with — has slowed sharply. At the same time, he has expanded the party’s financial commitments to every state, and even to far-flung territories like Guam.
Fellow Democrats are grumbling that Mr. Martin, who quietly accepted a raise after taking the post, has been badly distracted by internal battles. So far, they say, he has been unable to help unite his party against Republicans, who control the federal government.
Rufus Gifford, who served as the finance chairman of Kamala Harris’s 2024 campaign and maintains relationships with many top donors, suggested Democrats were being sent the wrong message at a time when they are desperately looking for “fight and leadership.”
“What they are seeing is headline after headline of incompetence and infighting, and I think that is a real problem not just for the D.N.C. but for the larger Democratic brand,” he said. “We need to come together and focus on the issues at hand. That’s got to happen now. And I mean today. And if that can’t happen, we need to shift course.”
The biggest challenge facing Mr. Martin may now be financial.
Six people briefed on the party’s fund-raising, who spoke on the condition of anonymity to discuss its finances frankly, said big donors — who are an essential part of the party’s funding — had been very slow to give to the party this year as Mr. Martin solicits contributions. His commitment to state parties, which amounts to $1 million in monthly spending, has further strained the finances.
