socialmedian: Campaig war chests near $200 million

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Campaig war chests near $200 million

Submitted by Martina Stewart

Jul 24, 2008

Summary

(CNN) -- Sens. John McCain and Barack Obama and the major political parties supporting their presidential bids have amassed campaign war chests totaling almost $200 million, according to campaign finance documents filed this week with the Federal Election Commission. McCain and the Republicans held a combined cash advantage over Obama and the Democrats, with $105.2 million in the bank as of June 30, compared with $92.1 million. These figures take into account the available cash totals for the McCain and Obama campaigns, the Republican National Committee and the Democratic National Committee, as well a number of "joint fundraising committees" established by the campaigns in conjunction with the national parties and, in some cases, with various state parties. When comparing just the two presidential campaigns, Obama maintains a sizable fundraising and cash lead over McCain. In the month of June, the Obama campaign raised $50.5 million in contributions, compared with $16.4 million for the McCain campaign. The Illinois senator ended the month with a hefty $71.7 million in the bank Read the full article

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