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NEWS ABOUT: campaign fundraising

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Despite $66M August, Obama Needs Money

Campaign must raise $3M per day to reach $200M target

(Newser) - Barack Obama raised more money in August than any presidential candidate ever, but he’s still desperate for cash, reports Politico. Obama has $77 million in the bank, close to the $85 million John McCain has to spend this general election. But McCain will benefit from outside “independent” groups... More »

Obama Pulls in Record $66M in August

(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... More »

McCain Raised $47M in Aug.

With $10M since bringing Palin on board, GOP looking amply financed

(Newser) - John McCain’s presidential campaign raised $47 million in August, its biggest monthly take yet, the AP reports. The campaign has apparently received $10 million in donations since McCain announced Friday that Sarah Palin would be his running mate. Officials say the total Republican general-election chest will be at least... More »

Lawmakers Get Most Funding From Outside Districts

'Nonresident contributors donate for expressive purposes,' study shows

(Newser) - Candidates running for Congress are increasingly using affluent ZIP codes outside their own districts as "political ATM machines" to fund their campaigns, a new study finds. In the majority of House races in 2004, almost three-quarters of contributions came from donors outside a lawmaker's district—often from Hollywood, Manhattan's... More »

Top Black Donors Emerge as New Force

Business leaders see parallel of their own rise in Obama

(Newser) - Barack Obama's rise to the top of the Democratic Party has a special resonance for one group: African-American business leaders who, like the candidate, were among the first blacks to enter into all-white industries. As the New York Times reports, black lawyers, bankers, and corporate titans see in Obama an... More »

Obama Raises $51M in July

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... More »

Big 'Bundlers' Help Fuel Both Campaigns

New type of fundraising is quickly becoming lucrative cash stream

(Newser) - Barack Obama and John McCain have racked up nearly 100 “bundler” donors between them who have gathered at least $500,000 each from friends and co-workers to support their chosen candidates, the Wall Street Journal reports. The candidates’ spending suggests the fundraisers are breaking bundling records set during the... More »

McCain Ad Angers Hollywood

"Celebrity" ad offends linguists, stars, Paris Hilton's parents

(Newser) - Tinseltown is ticked over John McCain’s recent ad likening Barack Obama to Britney Spears—and to Paris Hilton, whose parents have donated the maximum to the senator's campaign. The problem isn't just looking ungrateful, reports the LA Times, but the fine distinction between a mere “celebrity” and a... More »

Comically Simple Ploy Pays Big for Kansas Candidate

Cartoon brings flood of donation, but Dem's bid for state legislature hardly done deal

(Newser) - A cash-strapped candidate for the Kansas legislature has turned around his fortunes in the flash of a few thousand mouse-clicks: Before circulating sassy online cartoon strips, Sean Tevis had $1,525 in his campaign coffers; in less than two weeks, he’s raised nearly $100,000 more. The episode is... More »

Virginia Is Not for Gilmore Lovers

Despite GOP strength, broke ex-gov's Senate bid a 'laughingstock'

(Newser) - Jim Gilmore may be a former governor, RNC chair, and presidential candidate running for Senate in a historically red state, but the Virginian has become Campaign 2008’s “laughingstock,” Politico reports. Virginia is regularly ranked first among Senate seats likely to flip this November, as Gilmore trails hugely... More »

Obama Raises $25M in a Single Day

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... More »

McCain's Elite Fundraisers Trump Obama's

But that could change when Barack matches his rival's disclosures

(Newser) - John McCain appears to be more reliant on funds bundled by elite supporters than Barack Obama, USA Today reports. More than half of the Republican candidate’s receipts, or more than $75 million, came from donations assembled by about 500 top supporters. In contrast, Obama’s top 500 pulled in... More »

Obama Campaign Insular, Arrogant, Hill Dems Complain

Lawmakers cite lack of coordination with presidential candidate

(Newser) - Some Congressional Democrats say they're not feeling the love from Barack Obama's campaign, Politico reports, with the candidate inattentive to broader election strategy and his camp uncommunicative on the day-to-day message blitz. "They think they know what’s right and everyone else is wrong on everything,” one senior... More »

Obama Raises $30M in June, Below Expecations

It's still more than McCain's $22M, but far below record months

(Newser) - Insiders say that Barack Obama raised about $30 million in June, which, by the campaign's own lofty standards, is a bit lackluster, reports the Wall Street Journal. Obama hopes to have raised $300 million by mid-October, with an additional $180 million for the DNC, bringing his record budget to nearly... More »

McCain's $22M June Is Best Month to Date

Mac, RNC have $95M on hand

(Newser) - June was John McCain's best fundraising month yet, the AP reports, with the Republican bringing in $22 million; the perennially poorer candidate now has $27 million on hand. The Republican National Committee also had a good month, bringing in $26 million; the two camps together have $95 million in the... More »

Obama Yet to Win Clinton's Big Donors

'Hillraisers' slow to line up behind Dems' candidate—and McCain's in pursuit, too

(Newser) - Big-money supporters of Hillary Clinton angry over her treatment during the Democratic primaries are slow to back presumptive nominee Barack Obama, the Wall Street Journal reports. A recent poll shows only 54% of Clinton voters plan to support Obama; recent analysis of donors who gave $1,000 or more to... More »

McCain Pockets $70K From Swift Boaters

Against '04 ads, he's now using veteran who appeared in them

(Newser) - John McCain has taken nearly $70,000 in donations from top funders of the notorious Swift Boat Vets for Truth, the group that assaulted John Kerry’s military record in 2004—prompting censure from McCain at the time as “dishonest and dishonorable.” A rep was coy in response,... More »

Rising New Money Class Powers Obama

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... More »

Romney Takes Lead in VP Derby

Insiders excited about Romney's fundraising talents, conservative cred

(Newser) - Mitt Romney is today's top candidate to fill out John McCain’s ticket, Politico reports. The ex-Massachusetts governor has conservative cred, Michigan roots, fundraising chops—and not much chemistry with McCain. McCain hopes to wait out Barack Obama and see the Democratic ticket before announcing his choice, a play one... More »

McCain, Obama Raise $21M Each

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

(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... More »

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