Two pieces of news from the Republican National Committee summer meeting in Kansas City. First, the RNC’s budget committee approved a $10 million line of credit
“„The money will be directed wholly to the RNC’s political department in order to fund Victory programs, the sources said. Those Victory programs will serve as the party’s main get-out-the-vote operation for the midterm elections.
“„The line of credit is not unusual, though committee sources said some in party leadership, including chairman Michael Steele, were reluctant to draw a debt. But committee members argued the money would help win back Dem-held seats; without it, argued DE national committeewoman Priscilla Rakestraw, the party would leave winnable seats on the table.
“„Simply taking out a line of credit does not mean the party has incurred debt right away. It gives the GOP easy access to money if needed later in the cycle; during big years for Dems, both the DCCC and the DSCC have taken out their own lines of credit in a last-minute bid to pick up seats.