McCain Finishes ’07 With Strong Fundraising Haul

ABC News’ Tahman Bradley and Ron Claiborne Report:

Republican frontrunner Sen. John McCain had his best fundraising quarter the last three months of 2007, raising $9.9 million for his presidential campaign, according to financial documents filed Thursday with the FEC.

The McCain campaign reported having a little bit less than $3 million in cash on hand on December 31 after spending more than $10 million in the fourth quarter of 2007.

McCain aides say they ended up raising in first 3 weeks of January more money than they raised in Q4. In addition, aides describe the campaign’s post-Florida fundraising  as "phenomenol."

Overall, the Arizona senator raised more than $40 million for his campaign last year but burned through nearly all of it. Team McCain had $2.9 million in the bank on the last day of 2007.

Every presidential campaign must update their fundraising and spending October through December with the FEC by midnight.