House Republicans get $20M credit line

by Cameron Joseph - 09/22/14 10:22 AM ET

The National Republican Congressional Committee has secured a $20 million credit line to help close its fundraising gap with Democrats ahead of November’s midterm elections.

{mosads}House Republicans are poised to pick up seats this fall, according to national and district-specific polling, but GOP strategists are worried their weaker fundraising might leave some seats on the table.

The NRCC has raised $33 million less than the Democratic Congressional Campaign Committee this year, and the DCCC has $9 million more cash on hand heading into the campaign’s homestretch.

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The credit line gives the NRCC flexibility to spend more than what they have, and is similar to the $20 million credit line House Republicans took out last year, when they ended up borrowing $12 million in total.

A source says it’s unlikely the committee will end up borrowing the entire amount.

House Democrats are weighing taking out a credit line of their own, as they have in past cycles.

Tags 2014 election Democratic Congressional Campaign Committee National Republican Congressional Committee