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Republican Candidate Infuses Campaign with Own Cash
Posted: 10.28.2010 at 9:27 PM
Matt Mulcahy

Matt Mulcahy anchors CNY Central News at 5:00 pm, 6:00 pm, and 11:00 pm, as well as the CW6 News at 10:00 pm.

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Matt Doheny loans $2.165 million to his campaign

Matt Doheny has loaned his campaign nearly $2.2 million.
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The republican candidate in the 23rd Congressional District has the highest campaign debt of any other New York candidate for the House of Representatives. The $2 million debt stands out even more for Matt Doheny's campaign because the full amount is owed to Matt Doheny.

The former Wall Street businessman has loaned himself $475,000 in the last week for spending during the final days of the campaign. Prior to that he had already given his campaign several loan installments totaling $1.69 million. All totaled the Doheny for Congress campaign owes the candidate $2.165 million.

By contrast Doheny's opponent, democratic incumbent Bill Owens, loaned his own campaign $160,500. It's a significant personal loan, but pales in comparison to the self financing of the Doheny campaign. 

Both candidates are in the final hour of a high stakes political poker game. Doheny pushed in his pile of money with an all-in bet knowing his only way of retrieving that amount of cash is to win and start fund raising to restock his bank account. Recent polls favor the incumbent democrat by a slight margin, but political experts watching the race say it is a toss up on Election Night.

 

Previous coverage of the 23rd congressional race.

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