The Democratic National Committee took out a $15 million loan in October, an unusually large amount of debt for this point in the political calendar, as the party looks to rebuild its brand and infrastructure under new leadership.

New fundraising reports filed with the Federal Election Commission show the national party committee took out the loan at the start of October, about a month before Democrats secured major victories in pivotal elections for governor in Virginia and New Jersey, a key redistricting referendum in California and various other downballot races.

Those results have energized the Democratic Party one year after President Donald Trump swept the presidential battleground states on his way to defeating then-Vice President Kamala Harris and as poll after poll in the wake

See Full Page