Can anything slow Obama's fundraising juggernaut?
Obama's campaign said it had finished its latest record-smashing fundraising month with $72 million in cash on hand. The Democratic National Committee, which spends almost all of its money in support of the party's presidential candidate, announced separately that it had raised $22.4 million in June, and ended the month with $20.3 million in cash on hand.
That gives Obama and the Democrats a combined $92 million in cash, as of June 30, just slightly below the $95 million that McCain and the Republican National Committee reported they had on hand at the end of June.
And with Obama's raising more cash than McCain and the Republicans combined — McCain reported last week that he'd rasied $22 million in June and the Republicans, $26 million — it seemed likely that the cash gap could soon begin to widen in the Democrats' favor.
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