Obama nears $750 million FEC report shows

Published: Dec. 5, 2008 at 8:52 AM
Order reprints
President-Elect Barack Obama arrives at the Midway Airport to board a flight to Philadelphia to attend a meeting with U.S. Governors, in Chicago on December 1, 2008. (UPI Photo/Anne Ryan/POOL)
President-Elect Barack Obama arrives at the Midway Airport to board a flight to Philadelphia to attend a meeting with U.S. Governors, in Chicago on December 1, 2008. (UPI Photo/Anne Ryan/POOL) | Enlarge Enlarge
WASHINGTON, Dec. 5 (UPI) -- U.S. President-elect Barack Obama raised nearly $750 million in his presidential campaign, Federal Election Commission reports show.

The amount exceeds what all of the candidates combined collected in private donations in the 2004 presidential race, The New York Times reported.

Obama, the first major-party nominee to forgo public campaign financing since the system began in the 1970s, spent more than $136 million Oct. 16-Nov. 24, the period covered in the report filed Thursday with the FEC. His Republican opponent, Sen. John McCain of Arizona, who tapped into public financing and was limited to $84 million, spent $26.5 million during that period, his report to the FEC indicated.

Because of differences in the way fundraising numbers are reported, an exact figure isn't available, the Times said. However, FEC filings seem to indicate Obama raised more than $300 million for the general election alone.

Obama reported having nearly $30 million in the bank as of Nov. 24. McCain reported having $4 million left but he also reported $4.9 million in debt, the Times said.

FEC data indicate fundraising efforts of all presidential candidates in 2004 netted less than $650 million, not including public campaign funds, the Times reported.


© 2008 United Press International, Inc. All Rights Reserved.



Logano holds on for Nationwide win (49 min)
MLB: Texas 6, Seattle 4 (50 min)
MLB: Atlanta 4, Colorado 1 (52 min)
MLB: LA Angels 10, N.Y. Yankees 6 (55 min)
Man charged with blasting porn soundtrack (57 min)
NOAA: El Nino developing in Pacific (59 min)
Weather could delay shuttle launch
fark
Emergency evacuation of 747, pants before or after noxious odor spilled into cabin
Iran condemns Italy for "violent suppression of justice-seeking protesters by the Italian police"...
Only the Royals would consider Yuniesky Betancourt a 'major trade'. Second paragraph- 'Betancourt,...
Probably the most spectacularly disturbing suicide you'll read about today
Photoshop these creepy earrings
Patronizing Tijuana hookers while on drugs may be unhealthy, according to Dr. N.S. Sherlock, of...