Treasurer says Republican Committee in debt
POSTED: Wednesday, July 21, 2010 - 11:12am
UPDATED: Wednesday, July 21, 2010 - 8:58pm
WASHINGTON - The Republican National Committee's treasurer says the GOP has millions in debt that wasn't disclosed and he is telling budget committee members that he was misled.
RNC Treasurer Randy Pullen amended the committee's Federal Election Commission reports to show some $3.3 million in debt for May and $3.8 million for June. The RNC, which had crowed about having zero debt, now has more than $2 million in debt, according to FEC reports filed Tuesday.
The financial reports highlight the split between RNC Chairman Michael Steele and Pullen. The latest revelations come as the party has been under fire for lavish spending.
Pullen's memo was first reported by The Washington Times.