Clinton Campaign Reports $45 Million in the Bank
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Senator Clinton ended the first half of the year with $45 million of cash in the bank for her presidential campaign, nearly $9 million more than her leading Democratic opponent, Senator Obama.
The number is noteworthy because Mr. Obama out-raised Mrs. Clinton during the last fund-raising quarter. He raised about $32 million, while she raised $27 million.
A senior adviser to Mrs. Clinton, Howard Wolfson, said last night that $33 million of that $45 million is earmarked for the primary election, while $12 million is slated for the general election if she secures the Democratic nomination. He also said Mrs. Clinton spent just over $12.5 million in the last quarter.
W hile the 2008 presidential campaigns released their fund-raising figures earlier this month, they had until midnight this morning to submit more detailed reports to the Federal Election Commission. By press time, Mrs. Clinton had not filed her full report so only Mr. Wolfson’s figures were available.
Mrs. Clinton did, however, have a head start because she transferred about $10 million in leftover cash from her Senate campaign when she first declared her candidacy for the White House.
Senator Obama, whose fundraising prowess has stunned political analysts, ended the first half of the year with about $36.3 million dollars in cash, and the latest filing shows that he spent more than $16 million between April and June.
A preliminary review of Mr. Obama’s full filing showed that he spent more than $3.2 million on payroll and more than $340,000 for catering-related expenses. His filing also showed that he raised about $4.3 million in California and $3.1 million in New York.
A former Democratic senator of North Carolina, John Edwards, ended the quarter with $13.3 million. While the $9 million he raised during the quarter was lower than what he netted during the first fund-raising cycle, the former senator broadened his base of supporters as the campaign prioritized smaller donations.
According to the Edwards campaign, more than 100,000 people made donations, and the average contribution was $102. He also had about 84,000 donations equal to or less than $100 and about 71,000 donation that were $50 or less.
His campaign also said he counted actors Susan Sarandon, Ben Stiller, and James Denton along with tennis star Martina Navratilova and several other celebrities on his list of supporters. Mr. Edwards’ filing shows that he raised more than $1.8 million from those who listed their occupations as attorneys. Mr. Edwards is a former trial lawyer.
Contributions to Mr. Edwards were spread throughout the country, with the largest amount coming from California, in which he raised about $1.3 million.
On the Republican side, Mayor Giuliani, who submitted his filing over the weekend, added about $7 million to his cash on hand, bringing his total to $18 million. A former governor of Massachusetts, Mitt Romney, saw his cash decline despite raking in $14 million in contributions for the quarter. He has been spending much of his money on advertising to boost his name recognition.
Several other candidates also saw their savings dwindle as their expenditures outpaced their intake. Senator McCain, who earlier this month announced that he had only $2 million left in the bank, most notably exemplified that phenomenon. That announcement was quickly followed by the resignation of several of the most senior members of his campaign.
Mr. McCain’s campaign had yet to file its detailed report with the FEC as The New York Sun went to press last night.