The Democratic National Committee is canceling plans to host a midterm convention, as the party faces a fundraising crunch.

The DNC also announced Monday that it would hold the 2028 presidential convention from Aug. 7 to Aug. 10, 2028. Five cities — Atlanta, Boston, Chicago, Denver and Philadelphia — are under consideration to host it, officials said.

The committee announced its decisions to DNC members during a phone call Monday afternoon, according to two people who participated and were granted anonymity to describe a private meeting. DNC Chair Ken Martin said he’d received feedback from Democrats, urging the party committee to focus its resources on campaign work in states, one of those people said.

The DNC is facing a staggering fundraising problem, with the Republican National Committee holding a $100 million cash edge over them at the start of 2026. Last fall, the DNC took out a $15 million loan to invest in the Virginia and New Jersey elections, a move that raised concerns among Democrats about the party’s financial health.

In a statement on the decision to cancel the midterm convention, DNC’s executive director Roger Lau said they’d “baited” Republicans “into wasting time and money on a midterm convention,” while the DNC has “put resources where they’re needed most.”

Jessica Piper contributed to this report.