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Moving Money

Sen. Hillary Clinton, D-N.Y., did it, as did her fellow presidential candidates Sen. Chris Dodd, D-Conn., Sen. Joe Biden, D-Del., Rudy Giuliani, R-N.Y., Sen. John McCain, R-Ariz., Sen Sam Brownback, R-Kan., Rep. Duncan Hunter, R-Calif., and Rep. Tom Tancredo, R-Colo. They all transferred money from previously existing federal campaign accounts to their presidential accounts.

[View each candidate's fundraising totals in our Campaign Finance Database]

Clinton made the largest transfer of funds -- moving over $10 million that was left over from her re-election campaign last year. The money helped her amass the largest campaign war chest of any candidate.

Giuliani's transfer money came from his 2000 senate race account.

Campaign finance watchers noticed another detail about the money transfers: Clinton, McCain and Giuliani reported the transfers only in lump sums, while some candidates, like Dodd and Biden, itemized each of the earlier contributions that are being applied to the 2008 contest.

That means reporters and everyone else can see exactly who gave the money that's helping Dodd and Biden bolster their fundraising totals, but Clinton, McCain and Giuliani's original donors, having been reported by their other committees, aren't broken out for the presidential campaign. There's nothing improper about this: if the donations in question were from a previous campaign, they don't have to be listed individually.

So why did Dodd and Biden have to itemize theirs? Because both are up for re-election in the near future, and even though Dodd declared he would not run again for his seat he still has to itemize any contributions after his last election.

By  |  April 15, 2007; 9:11 PM ET
Categories:  Campaign Finance , President 2008  
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