House Editor David Wasserman looks at the political landscape in the House

The task of unwrapping mid-year campaign fundraising reports usually reminds only the most wild-eyed election junkies of "Christmas in July." This year, it's congressional Democrats who seem to be having the most summer fun of all. And for good reason: a look at books at the end of the second quarter of 2007 reinforces the idea that being in the majority is the gift that keeps on giving.

But the real storyline of the year in fundraising so far could be the total collapse of the traditional GOP fundraising advantage at the congressional level. Good news for the party in control of the White House is few and far between in these reports, and national Democrats are all too eager to point to coal in the stockings of the new House minority.

Bills, Bills, Bills

At the national level, the GOP's most obvious lump of coal continues to be debt.

Considering that the playing field of competitive House races expanded significantly in the final days of the

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