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McCain, Obama Raise $21M Each

Dem suffers slowest fundraising month of the year, campaigns with Clinton next week

By Wesley Oliver,  Newser Staff

Posted Jun 21, 2008 12:11 PM CDT
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(Newser) – John McCain nearly matched Barack Obama’s fundraising intake last month, granting the presumptive Republican presidential nominee “a level of parity that would have been unimaginable just a few months ago,” MSNBC says. McCain scored $21.5 million while Obama, whose fundraising slumped to its lowest levels of the year, pulled in $21.9 million.

Obama, who’s running the most expensive presidential campaign in US history, has taken in $287 million since last year, more than double McCain's $115 million. Next week, Obama will meet with Hillary Clinton and her top fundraisers, and then campaign with his former Democratic rival. A Clinton finance official says it would behoove Obama to pay off Clinton’s debt.

Hillary Clinton and Barack Obama will meet next week.
Hillary Clinton and Barack Obama will meet next week.   (AP Photo/Evan Vucci, File )
John McCain raised $21.5 million in May. He had $31.5 million in the bank, up $10 million from the end of April.
John McCain raised $21.5 million in May. He had $31.5 million in the bank, up $10 million from the end of April.   (AP Photo/LM Otero)
John McCain has been consolidating Republican support since he clinched the nomination more than three months ago and has been on an active fundraising schedule.
John McCain has been consolidating Republican support since he clinched the nomination more than three months ago and has been on an active fundraising schedule.   (AP Photo/LM Otero)
John McCain raised almost as much money as Barack Obama in May, placing him virtually on the same financial footing as his Democratic rival.
John McCain raised almost as much money as Barack Obama in May, placing him virtually on the same financial footing as his Democratic rival.   (AP Photo/Alex Brandon)
Barack Obama is the first U.S. presidential candidate to bypass the public financing system since it was created after the Watergate scandal in the mid-1970s.
Barack Obama is the first U.S. presidential candidate to bypass the public financing system since it was created after the Watergate scandal in the mid-1970s.   (AP Photo/Paul Sancya)
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