Despite $66M August, Obama Needs Money

Clinton draws $8M for former rival, despite own campaign debts

(NEWSER) - Hillary Clinton has raised more than $8 million since July for Barack Obama, USA Today reports, and has hit 40 Obama campaign events in the past 2 months. She’ll headline two more Obama fundraisers this month, plus 11 events for other Democratic candidates. But while she’s raising money for others, her own campaign still owes $9 million to various vendors. More»

(NEWSER) - Barack Obama raised more than $66 million in August, besting his past fundraising record and pulling in the best monthly tally in US political history, says an aide. Topping February's $55 million, the take "demonstrates how the increasingly heated, nasty race has energized Obama's fundraising," writes Ben Smith in Politico. The campaign also added 500,000 new donors during the month. John McCain raised $47 million in August. More»

No cash worries for vacationing Senator

(NEWSER) - Barack Obama raked in $51 million last month, not quite a record for the Illinois senator but still formidable, the Washington Post reports. He ends the month with $65.8 million in the bank, a major advantage over John McCain, who has just $21 million, despite raising a personal-best $27 million in July. More»

Candidates' financial strategies illustrate different approaches

(NEWSER) - Barack Obama brought in more donations on the last day of June than John McCain did in the entire month, Politico reports. The unprecedented $25 million day accounted for nearly half of Obama’s $54 million total. It was one of five days on which the campaign brought in more than $1 million; John McCain had no million-dollar days en route to raising $22 million in June. More»

Brooks cites recent shift to 'information age analysts'

(NEWSER) - Barack Obama likes to tout his small-donor network, as though a wave of inspired regular folk came out of the woodwork just for him. In reality, Obama is mining a money class that Democrats have been cultivating for years, writes David Brooks in the New York Times—"the rising class of information age analysts." More»