RNC having trouble paying its bills

Attacks on Republican National Committee chairman Michael Steele have intesified significantly in recent weeks with many of the attacks against Steele have focused on him spending excessively and indescriminately. Now comes word via Chris Cillizza of the Washington Post that the RNC is actually having cash flow problems and is unable to pay its contractors this week as it had promised to them:

In a memo sent to vendors Tuesday, the Republican National Committee's chief administrative officer acknowledged that the committee is facing a “cashflow challenge” and that many of those who provided political services to it during the 2010 election would not be paid this week as originally planned.

“We will not be able to pay off the vendors this week,” wrote RNC Chief Administrative Officer Boyd Rutherford to Derek Flowers, a member of the RNC's political team, in an email obtained by the Fix. “We will be slow in paying as we are having a cashflow challenge. Everyone will be slow paid until after the first of the year.” […]

The news of cash problems at the RNC comes on the eve of the committee's final — and much anticipated — fundraising report with the Federal Election Commission, which is due by tomorrow.

Beltway ConfidentialMichael SteelerncUS

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