Obama's July Fundraising Bodes Well For Fall Race

By: Associated Press
By: Associated Press
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Barack Obama is having continued success on the money front.

His campaign reports it raised more than 51 million dollars last month.

On top of that, the Democratic National Committee says it raised more than 27 and a-half million in donations in July, all of which puts Obama in a strong position for the fall campaign.

Obama began August with 65 and a-half million dollars on hand. The DNC had another 28 and a-half million.

His July haul was slightly down from June, but still eye-popping considering he was overseas and off the fundraising circuit for part of the time.

Unlike Republican rival John McCain, the Democrat has decided to forgo public financing for the general campaign. That means he gives up 84 million dollars in federal money, but is unlimited on how much he can try to raise.

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