Obama Raises $25M in a Single Day

Big money men still Obama and McCain's bread and butter

(NEWSER) - Barack Obama often talks about how much money he’s raised from small donors, even describing it as “a parallel public financing system.” But while Obama has indeed raised record sums from little guys, big donors have kept pace, writes Jay Mandle of the Washington Post, predicting that when the dust settles, their 2008 role will have increased, rather than decreased. Through March, he notes, Obama's small-donor percentage was actually smaller than John Kerry's. More»

He's already shown he knows how to spend

(NEWSER) - Republicans not used to worrying about money are sweating pennies, given John McCain's relatively inept fundraising in the face of an unprecedented Democratic war chest. Barack Obama, by conservative estimates, will have $300 million to McCain’s federal cap of $85 million for the general-election campaign, Politico reports—and with that kind of money, Obama could force McCain to play defense in traditionally red states. More»

Lacking Obama's fundraising machine, eyes 'unprecedented' cash from party

(NEWSER) - Lagging behind Barack Obama's fundraising juggernaut, John McCain is planning to rely heavily on the Republican National Committee for general-election cash, the New York Times reports. The RNC has $40 million in the bank, compared with McCain’s $21 million, and has big-gun fundraisers like President Bush lining its coffers. “We intend to provide substantial, maybe unprecedented, resources to the McCain campaign,” said the RNC deputy chairman. More»

Last state to be called leaves tally at Obama 365, McCain 173

(NEWSER) - Missouri, the last state up for grabs, looks to have gone Republican by less than a 1% margin, leaving John McCain with 173 electoral votes to Barack Obama’s 365, the Kansas City Star reports. There are still 3,000 uncounted provisional ballots, but McCain’s margin is large enough to declare him the winner of the state’s 11 electoral votes. More»

(NEWSER) - President-elect Barack Obama addressed the country and the world for the first time tonight, vowing to unite a nation beset by trouble at home and abroad, the Chicago Tribune reports. "Change has come to America," Obama told a crowd of tens of thousands at Chicago's Grant Park and millions more watching around the world. "Our stories are singular, but our destinies are shared." More»