The Democratic Senatorial Campaign Committee outraised their Republican counterparts by $2 million in January and has pulled all but even with money in the bank ahead of the contentious battle for the Senate majority.
The Senate Democrats’ campaign arm raised $5.8 million, it announced to reporters Monday. It has $13.6 million in cash on hand, and $2.9 million in debt.
{mosads}That’s higher than the $3.8 million that the National Republican Senatorial Committee reported it raised in January, and just below its $13.8 million that the NRSC has in cash on hand.
The Republican group continues to be unburdened by any debt.
DSCC executive director Tom Lopach portrayed the fundraising haul as indicative of momentum that he believes will translate into winning back the Senate majority.
“Our continued success shows that we have the momentum and energy to win back the majority in November,” he said in a statement.
“These resources allow us to support our outstanding class of candidates who will help us once again have a Senate that fights for issues that benefit working families.”
Republicans hold a 54-46 edge in the Senate. Democrats would have to net five seats to win back the Senate majority, or four if they hold the White House and retain the vice president’s tie-breaking vote.
The map currently favors Democrats, as the party only has to defend 10 largely safe seats. Republicans have 24 seats up for reelection, a number of which are in competitive races.