XPost: alt.fan.rush-limbaugh, alt.politics.usa.republican, alt.politics.democrats.d
XPost: or.politics
https://www.arcamax.com/currentnews/newsheadlines/s-2954563
The Michigan Republican Party is considering how
to deal with "imminent default" on its line of
credit, according to a resignation letter from a
member of the state GOP's budget committee.
It's unclear how much debt the Michigan Republican
Party currently has. However, in March, Karamo told
a group the party had $460,000 in outstanding
obligations from the past leadership team. She was
elected chairwoman in February. It's not unusual
for the party to borrow money in an election year,
like 2022, and then pay it back through fundraising
the next year.
But by August, six months into Karamo's time as
chairwoman, the party had about $35,000 in its own
bank accounts, a small fraction of the debt,
according to internal bank records previously
obtained by The Detroit News.
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