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DNC Fund-Raisers To Cut Debt
Clinton to raise big bucks this month; DNC hopes to cut debt to $12.3 million.
By Carin Dessauer/CNN
WASHINGTON (Dec. 10) -- President Bill Clinton expects to raise nearly $2.5 million at party fund-raisers this week in New York and Florida.
The Democratic National Committee (DNC) expects to reduce its debt from $14 million to $12.3 million by the end of the year, White House and party officials tell CNN.
The president hopes to raise $800,000 at an event tonight in New York for the Democratic Congressional Campaign Committee (DCCC), the most money the president has raised at one DCCC event this year, according to its officials.
Clinton is expected to raise $600,000 at the DNC Hispanic Gala event in New York City tonight and $1 million Thursday at a DNC fund-raiser in Miami.
"By the end of the year we should have the debt down to $12.3 million," a party official told CNN. At one point in 1997, the DNC gross debt had grown to more than $18 million.
House Minority Leader Richard Gephardt will introduce Clinton at the $5,000-per-plate DCCC event. James Taylor will be the entertainment.
According to the DCCC, Clinton and Vice President Al Gore have raised $3 million for the congressional campaign committee. Clinton did six events and Gore did one. The DCCC does not have a set number of fund-raisers that the president and vice president will host for them in 1998, but they do expect the two to host a number of events.
In Other News:
Wednesday Dec. 10, 1997
• Freeh: Memo Compromise Could Be Reached
• Reno Unveils Global Plan To Fight Computer Crime
• DNC Fund-Raisers To Cut Debt
• Arkansas Lawyer Says He Arranged Lippo Work For Hubbell
• Mrs. Clinton Marks Human Rights Anniversary
• Marketing The Millennium
• Judge Sets Feb. 23 Trial For Tucker
• Kyoto Negotiators Work Into The Night
• Clinton Visits Revitalized South Bronx
