SNEAK PEEK: "Show me the Money!"

The two campaigns are competely not only for delegates but also for dollars.

ByABC News
February 7, 2008, 6:54 PM

February 7, 2008— -- Perhaps the only thing clear in this very unclear Democratic nomination race is that it is going to continue and in order to continue the campaigns are going to need significant cash.

The race could go all the way until April 22 in Pennsylvania and in between now and then, 14 states and the District of Columbia hold primaries and caucuses. The voting is spreadout from Maine to Hawaii so travel and advertising will not come cheap.

(Who is the first candidate to pull the Dick Cheney '04 move and travel overnight for a rally in Honolulu?)

After Barack Obama's campaign announced they hauled in a massive $32 million in January, Hillary Clinton's campaign was mum, signaling they had not come close to that figure.

Late yesterday it came out that Clinton had donated $5 million of her own money to her campaign and senior staff were going to work without paychecks for the month to conserve cash.

Things sounded grim. The same staff paycheck announcement was the start of the media death watch for the Rudy Giuliani campaign.

Well, perhaps things were not so dire after all – and maybe that was all just a clever ploy to assume the mantle of underdog and kick the donors in gear?

ABC News' Kate Snow reports that senior staff members on the campaign are not going without pay – they never stopped receiving checks. And Team Clinton announced Thursday that they have raised 7.5 million since Feb. 1, including $6.4 million in the last 24-30 hours.

The Obama campaign has the edge, reporting that they have raised $7,596,326 since polls closed on Feb 5th

On a conference call with the campaign's finance committee, national chairman Terry McAuliffe heard from two fundraisers who cited the $5 million loan as a factor in prompting others to send in the money.

"I think Hillary's contribution to the campaign has been an additional factor… It showed people she was prepared to go to the line," said one.

On the Republican side, the field shrunk once again, with the announcement from Mitt Romney that he is suspending his campaign for the Republican nomination.

Now it really is the two-man race that Mike Huckabee spoke of on Tuesday night. John McCain has essentially wrapped up the nomination with Romney's withdrawal but Huckabee is hanging in there at least through his speech at CPAC on Saturday and the Virginia primary on Tuesday.

McCain tries to reassure conservatives about his record at the CPAC conference. LINK

McCain Knocks Dem Rivals
Sen. McCain tells CPAC goers he'll fight to preserve conservative values. LINK

Mitt Romney Suspends His Campaign
ABC's George Stephanopoulos on the outlook for the presidential race. LINK

Inside the Battle Zone
ABC's Martha Raddatz travels to the volatile Afghanistan-Pakistan border. LINK

Does John McCain Have it Made?
Mitt Romney suspends his campaign, so, is everything coming up roses for McCain? LINK

Romney Campaign Suspended
Former Massachusetts Gov. Mitt Romney says he is "suspending" his campaign. LINK

Clinton Bashes McCain for Skipping Stimulus Vote
Sen. Clinton talks with ABC's Jake Tapper about the state of the economy. LINK

Hasselbeck Gets a Call from Chelsea
Clinton daughter rings up "View" co-host to ask for support in election. LINK

The Long and Bumpy Road to '08
The presidential candidates look ahead to the next round of primaries. LINK

Angelina Jolie in Iraq
The Goodwill Ambassador for the United Nations visits U.S. troops. LINK

Remembering ABC's John McWethy
The longtime national security correspondent died in a ski accident. LINK