Fundraising Troubles Over: GOP Is Back Big

New chairman turns Republican National Committee around.

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Handed last year a mountain of debt and a depressed support base, Republican Party Chairman Reince Priebus has turned the Republican National Committee around, and last quarter out raised the Democratic National Committee by $3 million.

New figures show that the GOP raised $27 million last quarter, $11.6 million in December alone, and $87 million for the year. [See a collection of political cartoons on Mitt Romney]

"2011 was indeed a record-breaking year for the RNC," said Priebus. "We raised more major donor money this year than in any off-year in history, while our grassroots supporters continued to play a critical role in our financial success. Thanks to the generosity of all our supporters, the RNC will a powerful force this election year."

The RNC also paid off all of $10 million it owed suppliers and vendors, our vendor debt and has about $13 million in the form of bank loan, about $3 million more than the Democrats. [See a collection of political cartoons on the budget and deficit.]

"No matter what you look at; donations, voter registration in battleground states or the increased turn out in the first two states we have had contests, it is crystal clear the energy is on the side of the GOP," said committee communications chief Sean Spicer.

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