The Democratic National Committee said it will not go forward with a midterm convention as the party continues to lag in fundraising.
The DNC made its announcement during a phone call Monday afternoon, two people on the call told Politico.
DNC Chair Ken Martin said members told him they should focus on campaign work in states rather than holding the convention.
The Republican National Committee holds a $100 million cash edge over Democrats ahead of the 2026 midterm elections.
The DNC’s financial straits are so dire that it was forced to take out a $15 million loan to invest in the 2025 elections in Virginia and New Jersey, which Democrats won.
DNC Executive Director Roger Lau claimed Democrats “baited” Republicans into going forward with their own midterm convention.
"Republicans were baited into wasting time and money on a midterm convention that will sink their swing-seat candidates by tying them directly to Trump's wildly unpopular policies," Lau said in a statement.
"Meanwhile the DNC has put resources where they're needed most and doubled down on the playbook that helped our candidates flip seats up and down the ballot in 2025,” Lau added.
RNC spokeswoman Kiersten Pels told CBS News, “The DNC can't afford to hold a midterm convention, financially or politically."
"They don't have the money, and they certainly don't have the courage to put their radical, failing agenda on full display for voters to reject," Pels said.
Democrats also announced the five finalists to host the party’s 2028 presidential convention from Aug. 7 to Aug. 10. The finalists are Atlanta, Boston, Chicago, Denver, and Philadelphia.
The cities have also recently played host to a Democrat presidential convention.
Atlanta last hosted the convention in 1988, Boston in 2004, Chicago in 2024, Denver in 2008, and Philadelphia in 2016.
Republicans have not announced where their midterm convention will be held.
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