New money flows after campaign wins
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Wins are pumping money into candidates' campaign funds. Yet money alone is not translating into victories.
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CAMPAIGN SPENDING in the 2004 presidential race has already cracked the $1 billion mark, almost twice the amount at this time four years ago.
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The campaign of Democrat John F. Kerry has earmarked $6 million for Democratic committees that support congressional candidates from the sizable surplus left over from the privately funded phase of his presidential campaign.
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In the world of political fundraising, a calendar year is roughly divided into four three-month quarters. And political party leaders like to end each quarter with a bang, with big money numbers that show off their fundraising prowess Ã¢ÂÂ and, they hope, raise confidence among their partyÃ¢ÂÂs supporters and encourage them to pour even more cash into the coffers during the next quarter.
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Independent groups are using their financial muscle as never before to influence the presidential race.
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Republican Mitt Romney, who surprised his presidential rivals last month with his one-day, $6.5 million haul, chased more cash Thursday as candidates faced the reality that dollars distinguish the legitimate hopefuls from the pretenders.
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There have been some big moves recently in the prediction markets that are tracking the presidential campaign.
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Whatever the reasons John Kerry and the Democrats lost the race for the White House, lack of money wasn't one. Tax-exempt pro-Democratic groups raising big checks for this year's election collected almost twice as much money as their Republican rivals in the presidential race, a study shows. The financial advantage comes in addition to record fund raising by Kerry, the unsuccessful candidate, and the Democratic Party.
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Finance reports show that candidates are already building up operations in several states whose early primaries have forced a burst of spending.
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It's money vs. momentum in the Republican presidential primary. Mitt Romney relied mostly on his personal fortune to pay for his campaign in the last quarter of 2007, as chief rival John McCain began resurrecting a bid that had been left for dead without a dime in the cash box, according to newly released federal campaign finance records.
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Fund raising and spending in the 2003-04 election cycle by President Bush, Democratic rival John Kerry and national party committees:
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The surge in early voting is affecting where candidates are sent and money is spent in the final days of the campaign.
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Presidential candidates began filing second-quarter financial reports with the Federal Election Commission on Friday. Here's a look at the highlights from their filings:
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Â· Bill Clinton and Michelle Obama seek funds in UK Â· Expatriates are big source of campaign dollars
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Facts and figures on political action committee spending in the presidential race since Labor Day:
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If cash is king when it comes to presidential politics, former New York Mayor Rudolph Giuliani has had a good quarter. He tops his two leading GOP rivals in total fundraising for the past three months.
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Democratic presidential candidate Barack Obama has improved on his stunning support in the race for campaign cash, raising his total number of donors to more than 250,000 people in the first six months of the year.