Facing a wide disparity with their Democratic counterpart, the House Republican campaign arm said it hopes to raise $7 million during its annual President's Dinner June 18 in Washington.

Rep. Tom Cole, Oklahoma Republican, chairman of the National Republican Congressional Committee (NRCC), set his goal today for the fundraiser, a joint effort with the National Republican Senatorial Committee (NRSC).

"This event will help raise the funds necessary to combat the radical liberal agenda that the Democrats have for America," Cole said in a statement. "Our members are showing an unprecedented interest in our success and it is because of them that we will have every resource we need to be competitive in November."

The NRCC ended last month with $7.1 million in cash on hand, far below the Democratic Congressional Campaign Commitee's $44.3 million.

Cole said Rep. Jeb Hensarling, Texas Republican, will will be chairman of the dinner.

— Carrie Sheffield, Web editor, The Washington Times