DNC Pledges HQ for $15M Credit Line as Midterms Near, Trailing RNC's $130M

The DNC enters the final 100 days before November's midterms roughly $2 million in debt, while the RNC holds about $130 million cash on hand, per The New York Times. DC deed records show the DNC pledged its Washington headquarters as collateral — property a lender can claim if debts go unpaid — to secure a $15 million credit line. Chair Ken Martin called the spending a deliberate investment in electoral assets.