WASHINGTON — A revolt among big Wall Street donors is hurting fundraising for the Democrats’ two congressional campaign committees, with contributions from the world’s financial capital down 64 percent from two years ago.
Though the Democratic Senatorial Campaign Committee and the Democratic Congressional Campaign Committee have seen just a 16 percent drop in overall donations compared with this stage of the 2008 campaign, party leaders are concerned about the loss of big donors. The two congressional committees have raised $49.5 million so far this election cycle from those giving $1,000 or more at a time, compared with $81.3 million at this point in the last election.
Almost half of the decline in large-dollar fundraising can be attributed to New York, according to a Washington Post analysis of Federal Election Commission records. Donors there have given $8.7 million so far this year, compared with $23.9 million at this point in the 2008 cycle, with most of those contributions coming from big contributors in the financial sector.
