Obama to Report $34 Million in the Bank

Source: Associated Press

By JIM KUHNHENN

WASHINGTON (AP) - Democrat Barack Obama ended the first half of the year with a formidable $34 million cash on hand for the presidential primary contest, while boosting his overall financial picture from April through June with a vigorous fundraising drive, the campaign said Sunday.


Democratic presidential hopeful U.S. Sen. Barack Obama, D-Ill., waits to be introduced before addressing the congregation at the Vernon Park Church of God on Sunday, July 15, 2007, in Chicago. Obama discussed the recent shootings of 34 Chicago students and called the community to action against the violence. (AP Photo/Jerry Lai)


Obama, the freshman senator from Illinois, has mounted an aggressive fundraising campaign that has netted him more than 250,000 donors and more than $31 million in primary contributions from April through June.

The campaign was expected to have more debt than the $190,000 it reported in April. His spending is likely to be more than twice the $6.5 million he spent in the first three months of the year.

The money in the bank is more than $10 million greater than his cash on hand in April. His chief rival in the money race, Sen. Hillary Rodham Clinton, had not yet filed her financial disclosure, so her cash on hand was not available.

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