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Will Obama have to help pay for the convention?
ENVER (AP) — The host committee for the Democratic National Convention faces a possible shortfall of $15 million, complicating logistics for the August event and forcing it to abruptly postpone a media walkthrough of the site scheduled for next week.
The Democratic National Committee has asked the cash-strapped panel to raise $40.6 million by Monday to finance the event. Last month, the committee said it had just $25 million in cash, and it has failed to meet each of several fundraising deadlines since signing a contract with the DNC last year.
Host committee members consistently have refused public comment on their fundraising efforts. Committee spokesman Chris Lopez could not immediately be reached by telephone Friday