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McCain raised nearly $12 million in February

Posted by Foon Rhee, deputy national political editor March 20, 2008 08:04 PM

John McCain, the presumptive Republican nominee, reported this evening that he raised nearly $11.6 million last month and had $8 million in cash at month's end.

McCain, who numerically clinched the nomination after the March 4 primaries, still owed more than $4 million in loans, according to his campaign's report to the Federal Election Commission.

For the entire campaign, the Arizona senator reported bringing in nearly $60 million and spending about $48 million.

Those figures are far less than both Democratic contenders -- a gap that has been fueling a feud with Barack Obama over possible public financing for the general election.

Politico is reporting that McCain took a step towards public financing by filing paperwork with the FEC earlier this month, though his campaign stressed today that he hasn't decided whether to accept public money.

Candidates who do so get $84 million for the general election campaign, but agree not to raise private money. Obama had earlier pledged to accept public financing, but has backed away since setting records for online fund-raising.

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McCain vs Obama might be the first and only chance we have to show that the public financing system can actually work in a presidential election. I sincerely hope it does happen.

Posted by Florida Doesn't Really County Anyway March 20, 08 08:12 PM
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