Sunday, September 14, 2008

Obama Camp Says It Raised $66 Million In August

Democratic presidential candidate Sen. Barack Obama, D-Ill., arrives for a rally at the Veterans Memorial Park in Manchester, N.H., Saturday, Sept. 13, 2008.(AP Photo/Cheryl Senter)

WASHINGTON - Sen. Barack Obama's presidential campaign announced Sunday that it raised $66 million in August, marking another record fundraising month for the Democrat. The August total tops the $55 million Obama raised last February.

He reached the $66 million mark with help from more than a half million new donors.

Obama's total for August was almost $20 million more than the $47 million Republican rival John McCain raised last month.

Obama's campaign said that with the latest figures he had more than $77 million cash on hand.

More details about the campaigns' finance are expected later this week, when their monthly financial reports are due at the Federal Election Commission.

Obama, a prodigious fundraiser, has decided not to accept public financing for the general election, choosing instead to spend as much money as he can raise on his historic bid to put a Democrat back in the White House.

Republican candidate John McCain has accepted public financing, which limits his direct spending to the $84 million he received after the GOP convention earlier this month.

Obama's fundraisers have estimated that he still has to do better in September and October, than the August haul of $66 million, to remain on par with McCain and the Republican National Committee. The RNC has more money to spend on McCain's behalf than the Democratic Party has to aid Obama.
On the Net:



Source: Yahoo.Com - AP.Org

No comments:

Post a Comment