The DNC is so short of cash that it has taken out a $15 million loan and used its headquarters as collateral, and is asking vendors not to send bills until after the election.
The Democratic Party is so short on cash that leaders at its headquarters have undertaken a new gambit to mask the severity of the problems: asking vendors not to send bills until after the midterm elections. The bookkeeping maneuver, which was described by three people briefed on it, is the latest sign of financial duress for the Democratic National Committee and its embattled leader as money troubles threaten to undercut Democratic momentum with 100 days until the midterms.
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