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Mark Warner Has $5.3 Million in the Bank

Tim Craig

Former governor Mark R. Warner (D) has raised almost $8 million for his U.S. Senate campaign, and has $5.3 million in the bank, according to campaign finance reports he plans to release today.

Since April 1, Warner has taken in $1.5 million. Warner's numbers' show he has about a $5 million cash-on-hand advantage over his likely GOP rival in the fall, former governor James S. Gilmore III.

Earlier this month, Gilmore loaned his campaign $50,000. Gilmore, who stresses he will still be competitive this fall, has about $200,000 in the bank.

Before you write off Gilmore's chances, remember this: In July of 2006, Sen. James Webb (D) had only $424,000 in the bank. His opponent, former senator George Allen (R), had $6.6 million in the bank.

Webb went on to raise about $8 million by the November election, and the Democratic Senatorial Campaign Committee kicked in millions more to keep him competitive with Allen in the money race.

By Tim Craig  |  May 22, 2008; 1:40 PM ET
Categories:  Tim Craig  
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