The Democratic National Committee's already dire financial standing worsened during the month of August, according to its Wednesday night filing to the FEC.

The DNC raised just $4.4 million last month, the second lowest August fundraising figure for the party in the past decade. The party had less cash on hand at the end of the month than it did at the beginning, as its spending outpaced its fundraising by $44,575.

And it gets worse. The DNC's debt substantially increased from $3.4 million to $4.1 million, a figure equal to about 60 percent of the committee's total cash on hand.

Party officials predicted in August that DNC fundraising figures would start to turn around, explaining that its fundraising staff was ten times bigger than it had been at the beginning of the year.

DNC deputy chairman Keith Ellison defended the previous month's bad fundraising figures by predicting that there would be "some really good reports to share in the weeks to come."

It is unclear what reports Ellison was referring to.

Meanwhile, the Republican National Committee raised $7.3 million in August. It has $45.9 million in cash on hand and no debts owed.