The Green Zone
McCain Plans to Spend $200 Million Before GOP Convention
Updated 4:30 p.m.
By Matthew Mosk
The campaign of Sen. John McCain raised just over $22 million during the month of June, a slight increase over the previous month, and anticipates the senator's efforts, along with fundraising for the Republican National Committee, will enable him to spend $200 million before he accepts his party's nomination in September.
The figures come from McCain's campaign manager, Rick Davis, who said in a conference call this afternoon that McCain expects to spend $410 million by the time the campaign reaches Election Day -- a number that includes $84 million in federal funds for the general election.
"I thought it was newsworthy to point out that we will have significant resources to prosecute a campaign that is robust," Davis said. The campaign later released a memo, "The Myth of the Obama Financial Advantage," to drive the point home.
Davis said that between the money McCain's campaign has on hand ($26.7 million), the money the RNC has in the bank ($67 million), and money gathered by state party committees ($8 million), there is now nearly $102 million that can be spent on the campaign over the course of the summer.
He said the campaign is already spending significant amounts on television advertising and on building a field operation.
Sen. Barack Obama has not yet disclosed how much money he raised in June. He is required to submit those figures to the Federal Election Commission on July 20.
Posted at 2:36 PM ET on Jul 10, 2008
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