Sunday, April 1, 2007

Clinton, Edwards Break Fundraising Records


Two Democratic presidential candidates broke previous fundraising records during the first three months of the year, with Sen. Hillary Rodham Clinton setting a high bar of $26 million in new contributions for the quarter.

Former Sen. John Edwards raised more than $14 million since the beginning of the year. Clinton also transferred $10 million from her Senate campaign account, bringing her total receipts for the quarter to $36 million.

Unlike Edwards, Clinton aides would not reveal how much of her total was available only for the primary election and how much could be used just in the general election, if she were the party's nominee. By not breaking down the amount available for the primaries, the Clinton camp made it impossible to assess how much of an edge she actually has over Edwards.

Edwards' aides said about $1 million of his $14 million in contributions could only be used in the general election, should he win the nomination.

Neither Clinton nor Edwards disclosed how much money they spent in the quarter or how much cash they had in hand — numbers that also give clues to the relative strengths of the campaigns.

Still, the total raised by each candidate outdistanced past presidential election records and set a new bar by which to measure fundraising abilities.

Sen. Barack Obama of Illinois — sandwiched in public opinion polls between Clinton and Edwards — had yet to reveal his totals. Obama was expected to be among the top Democratic fundraisers.

Click to read the rest of the article by AP writer Jim Kuhnhenn.

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