WASHINGTON — The Democratic National Committee raised $6.7 million in July, hurt by the cancellation of fundraisers headlined by President Barack Obama as he negotiated a debt ceiling deal with Republicans.
The party's fundraising included $2.2 million for the Obama Victory Fund, a joint fundraising account by the DNC and Obama's campaign. Obama did not attend any fundraisers in July and Democratic officials said most of the victory fund money came from events held by first lady Michelle Obama, Vice President Joe Biden and others.
Summertime is typically a slow period for political money as many donors are on vacation and few events are held. July was the DNC's lowest monthly amount since Obama launched his re-election campaign in April.Story: Obama to Congress: Work together to aid jobless
The Republican National Committee was expected to file its monthly totals later Saturday.
Through the end of July, the DNC reported $20.1 million in the bank. It ended the month with $11.2 million in debt.
Obama's campaign and the DNC raised a combined $86 million during the spring fundraising quarter ending in late June, giving the president a large money advantage over any potential Republican rival.Story: Obama's approval rating on economy hits new low, according to Gallup poll
The campaign had to cancel 10 events while Obama and his staff remained in Washington for the showdown over raising the government's debt limit. As a result, the campaign has said it does not expect to raise as much in the summer as it did during the spring.
In August, Obama has held fundraisers in Chicago, New York and Washington.
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