http://thehill.com/campaign-2008/more-than-4m-debt-looms-as-nrcc-chairman-cole-enters-crucial-quarter-2007-07-13.htmlMore than $4M debt looms as NRCC chairman Cole enters crucial quarter
By Aaron Blake
July 13, 2007
House Republicans’ campaign committee is taking longer than it hoped to retire this cycle’s $15 million in debt, but the chairman sounded notes of optimism about 2008 yesterday, including keeping retirements down and dropping the albatross that has been President Bush.
In a question-and-answer session with reporters, National Republican Congressional Committee (NRCC) Chairman Tom Cole (Okla.) said the committee remains more than $4 million in debt after the second quarter, which ended last month.
He told The Hill in January that he hoped to retire the committee’s steep debt by spring or early summer. At its current pace, the debt won’t be gone until late in the third quarter; House Democrats, meanwhile, have increased a large cash advantage, starting with less debt and raising about $7 million more than their counterparts this cycle.
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