Tuesday, April 22, 2008

Obama Flush With Cash, Clinton In the Red

The official campaign spending reports were filed on Sunday April 20th. The Obama campaign reported that they had $42 million on hand to spend for the primary with negligible debts, while the Clinton campaign had $9 million in cash on hand and $10 million in debt.

According to 365gay.com:


Financial reports filed Sunday by the Democratic presidential candidates with the Federal Election Commission show Clinton had $10.3 million in debts at the start of the month and only about $9 million cash on hand for the primaries. Obama reported having $42 million for the primary.

[...]

Clinton, who had kept pace with Obama financially throughout last year, had even less cash on hand than Republican John McCain. McCain raised $15.2 million in March and had $11.6 million in the bank at the start of April. It was his best fundraising performance of the campaign, coming after he had essentially secured his party's presidential nomination.

[...]

Obama's fundraising in March led all candidates, but was still lower than the mark he set in February, when he raised more than $55 million. The Illinois senator has raised $235 million in his campaign.

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