Wednesday, July 21, 2010

Schumer Hordes Cash, Bests DSCC in Available Funds

By Nathan Gonzales

New York Sen. Charles Schumer (D) is stockpiling money for a reelection race that hardly exists and has more cash on hand than the Democratic Senatorial Campaign Committee through June.

Schumer, a former DSCC Chairman, showed $23.8 million on hand through June and is up by at least 20 points in public polling. Meanwhile, the DSCC had $21 million in the bank and a growing list of vulnerable seats.

The cash disparity is notable considering Senate Majority Leader Harry Reid (D) is in jeopardy of losing reelection this year and Schumer is jockeying with Illinois Sen. Dick Durbin (D) to become his replacement.

But how much leverage can Schumer have in a potential leadership race if his party and some of his colleagues go down in flames this fall while he sits on millions of dollars?

Unlike the House side, the DSCC has a very narrow cash edge over the National Republican Senatorial Committee, so Democrats could use any help they can get. We’ll see if that help comes in the form of a check from Schumer.