Obama reported having about $34 million in primary cash on hand;
Obama led in fundraising for the period covering April though June, raising $32 million for the primary election and nearly $800,000 for the general election, according to reports filed Sunday with the Federal Election Commission.
Neither candidate can use the general election money unless he or she wins the nomination.
John Edwards, the Democrat closest to the two fundraising leaders, reported having $12 million in the bank for the primary.
Obama enters the third quarter with more fundraising momentum than
Despite, his vaunted base of small donors, Obama is a favorite among employees of some of the nation’s largest investment banks and hedge funds. One of them, Kenneth C. Griffin, president of Chicago-based hedge fund Citadel Investment Group, gave Obama $4,600 this quarter, the maximum allowed. Other Citadel employees gave him $147,550.
Lehman Brothers employees gave Obama $160,760 this quarter; Goldman Sachs, $103,550; and JP Morgan Chase, $101,950. About half of Obama’s fundraising total for the year comes from about 10,000 donors who have given him the maximum donation.
New York Sen. Clinton has raised $53 million, with $12.6 million of that usable only in the general election.
Obama reported $922,000 of debt at the end of the quarter and $16 million in spending for the quarter.
The campaigns had until Sunday to file full financial reports to the Federal Election Commission.
Obama dramatically increased the size of his staff in the second quarter. His payroll went from less than $1 million in the first three months to $3.2 million in the second quarter. The campaign has hired more than 100 staffers and has 29 field offices in
Edwards, the former senator from
Overall, Edwards has raised $21.8 million for the primary and $1.3 million for the general election. While trailing Obama and Clinton, Edwards retained his place ahead of New Mexico Gov. Bill Richardson and Sen. Christopher Dodd of
Dodd reported raising nearly $3.3 million with nearly $6.4 million in the bank. For the year, Dodd has total receipts of $12.1 million, which includes a $4.7 million transfer from his Senate campaign account.
Among Republicans filing Sunday, Ron Paul, the Texas congressman running a long-shot campaign, reported raising nearly $2.4 million from April through June and ended the quarter with a similar amount in the bank.
The total is a remarkable showing for Paul, putting him ahead of Arizona Sen. John McCain in cash on hand. Paul still barely registers in public opinion polls and raised far less than McCain or the other leading Republicans. But his libertarian views and opposition to the war in
Former Massachusetts Gov. Mitt Romney and former New York Mayor Rudy Giuliani, who are leading the Republican field in money and in public opinion polls, reported their finances on Friday. McCain and most of the Democratic candidates had until Sunday to file their reports.
Republican presidential candidates filing second quarter reports Sunday:
- Sen. Sam Brownback of
raised $1.4 million, slightly more than his campaign brought in during the previous quarter. The candidate reported having $460,236 in the bank. Kansas
- Former Arkansas Gov. Mike Huckabee raised $764,000 and had $437,000 cash on hand at the end of last month.
- Former Wisconsin Gov. Tommy Thompson raised $461,000. He reported nearly $122,000 cash on hand, but also listed debts and obligations of more than $127,000.
- Rep. Duncan Hunter of
raised $806,000 and had $213,000 cash on hand. California
Lackluster performance in the second quarter already caused one Republican candidate to quit the race. Former Virginia Gov. Jim Gilmore announced Saturday he was withdrawing. On Sunday he reported $62,000 cash on hand and $129,000 in debts and obligations.