Tuesday, September 09, 2008

Obama Broke Money Record

Washington Post

Sen. Barack Obama broke his monthly fundraising record of $55 million in August, sources said today, but the campaign remains tight lipped about its total haul.

The numbers aren't scheduled to be made public until Sept. 20, when the campaign files its August finance reports with the Federal Election Commission. But top fundraisers for the campaign wanted to downplay a report in today's New York Times suggesting Obama's vaunted money-raising team has been struggling to meet its goals.

Se. John McCain's campaign already released its August totals, announcing he raised $47 million -- by far his best fundraising month to date.

The real test of the campaign's decision to forgo public funds will come in October, top Obama fundraisers said today. That's when the campaign is banking on a surge in online donations, they said, noting that more than 2 million donors have given to the campaign, and most have the capacity to give more.

But the McCain camp has already made clear it plans to challenge any advantage Obama will have gained by forgoing federal funds. They will rely heavily on the Republican National Committee, which is expected to raise significantly more than its Democratic counterpart. The RNC's top fundraisers have said they hope to raise $100 million in September and October to help offset or even erase Obama's potential financial edge.

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