Message #5073

[Woody]

Dems won, huh?

Democrats Said to End Convention $15 Million ShortDemocrats ended their convention in Charlotte $5 million short of their budget even after being forced to draw down a $10 million line of credit from [/color]Duke Energy Corp. (DUK), according to a Democratic Party fundraiser.That will leave a $15 million bill that eventually will have to be paid by President [/color]Barack ObamaDemocratic National Committee, according to the fundraiser, who spoke on condition of anonymity to discuss internal deliberations.The Charlotte Host Committee ended the convention with more than $5 million in immediate obligations and may require a direct cash infusion from the Obama campaign to pay vendors, said the fundraiser.The $10 million line of credit to Duke Energy will need to be repaid next year, said a second person familiar with the matter, who also spoke on condition of anonymity. Duke Energy Chairman and Chief Executive Officer [/color]Jim Rogers is co-chairman of the host committee.[/font][/color][/size]



http://www.bloomberg.com/news/2012-09-07/democrats-said-to-end-convention-15-million-short.html[/font][/font]