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Dems Won't Repay $10 Million Loan Used for Charlotte Convention
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Dems Won't Repay $10 Million Loan Used for Charlotte Convention
Saturday, 02 Mar 2013 10:09 AM
By Matthew Auerbach

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The Democratic National Committee has no intention of repaying the country’s largest electrical power company for the unprecedented $10 million line of credit it guaranteed to help a local host committee fund last September’s Democratic National Convention in Charlotte, N.C.

According to an article on the Washington Times web site, an official for Duke Energy said the company would claim the money as a business expense for tax purposes, meaning shareholders will foot $6 million of the cost.

The amount of the loan and the secrecy surrounding it has raised red flags for government watchdog groups.

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