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Clinton's campaign coffers running dry, Obama's bulging
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| Contributor | ArmyDem |
| Last Edited | ArmyDem Apr 22, 2008 09:01am |
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| Category | News |
| News Date | Monday, April 21, 2008 03:00:00 PM UTC0:0 |
| Description | By Greg Gordon | McClatchy Newspapers
Posted on Monday, April 21, 2008
WASHINGTON — Hillary Clinton's latest campaign finance report to the Federal Election Commission shows a fat bank balance of $31.7 million as of March 31, but less than $9 million is available for the final string of primary elections that begin Tuesday in Pennsylvania.
Her Democratic rival Barack Obama raked in nearly five times more cash, according to the monthly reports filed late Sunday. The tally explains why he's been able to outspend Clinton in Pennsylvania by a wide margin.
Obama raised $41 million in March and finished the month with a cash balance of $51 million. While Clinton's campaign brought in $20 million, more than $23 million in her bank account has come in donations designated for the fall's general election campaign — money she can't use during the primaries to keep her presidential hopes alive.
Obama's donations through March included $8.2 million designated for the general election, leaving him with $43 million for the primaries. To date, he's raised $240 million.
The donations that are directed solely for the November election almost always come from backers who've already given the maximum allowable for the primaries — $2,300 for individuals and $5,000 for political action committees.
To help finance the last crucial primaries, the Clinton campaign, which has raised nearly $190 million overall, needs to find new contributors to replace those who've contributed the maximum. |
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