• Most Popular
  • Most Shared

Obama nearly doubled McCain fundraising in July

CHICAGO
Sat Aug 16, 2008 2:44pm EDT
Democratic presidential candidate Senator Barack Obama waves to the audience as they sing him ''Happy Birthday'' during a campaign stop at the Lansing Center in Lansing, Michigan August 4, 2008. REUTERS/Rebecca Cook

CHICAGO (Reuters) - Democratic presidential candidate Barack Obama raised more than $51 million in July, his campaign said on Saturday, nearly double that of his Republican rival John McCain.

Barack Obama

The Obama campaign received contributions from 65,000 new donors, it said, and a total of more than 2 million people have contributed.

The Illinois senator's campaign has $65.8 million cash on hand, it said. That was a drop from $72 million in cash in June.

McCain's campaign, which has not matched Obama's fundraising success, said on Friday it pulled in $27 million in July and had $21.4 million in cash at the end of the month. The Arizona senator's campaign had $27 million in the bank at the end of June.

The Obama campaign's July haul was near the $52 million it raised the previous month, and the McCain camp's total topped the $22 million it raised in June.

"The 65,000 new donors to the Obama campaign demonstrate just how strongly the American people are looking to fundamentally change business as usual in Washington," Obama's campaign manager David Plouffe said in a statement.

Obama's fundraising prompted him to forego public financing for the last two months of the campaign, which would have come with spending limits.

McCain is taking public funds and will get an infusion of $84 million from a government presidential election fund next month. His campaign manager, Rick Davis, said the campaign also would get some $20 million from the Republican Party.

The political parties will continue to raise money throughout the campaign for their respective presidential and congressional candidates.

The Republican National Committee raised $25.8 million in July and ended the month with more than $75.8 million in cash.

The Democratic National Committee (DNC) said on Saturday it had raised $27.7 million in July and had $28.5 million in cash. Those totals grouped the DNC's own amounts with two other Democratic fundraising arms.

(Reporting by Jeff Mason; Editing by Xavier Briand)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article