Clinton Beats Obama in Primary Fundraising

Jan 9, 2008 5:43pm

ABC News’ Tahman Bradley Reports: One day after her enormous victory in the New Hampshire primary, Sen. Hillary Clinton, D-Ill., announced passing Sen. Barack Obama in primary fundraising for the second quarter in a row.

On a conference call with reporters Wednesday afternoon, the Clinton campaign announced raising $24 million for use in the Democratic nominating contest in the fourth quarter of 2007 outpacing rival Sen. Barack Obama, whose campaign said it brought in $22.5 million October through December for use in the primaries.

Both campaigns have spent tens of millions of dollars so far and the Obama campaign was tightlipped, Wednesday, about how much actual money it has left. 

Senior Clinton aide Terry McAuliffe told ABC’s Kate Snow that Team Clinton has $25 million in the bank for use to get the nomination. 

The presidential campaigns do not have to report their cash on hand figures until the end of January. Overall money available is most critical to the remaining presidential contenders because they will be forced to spend millions in some of the nation’s most expensive media markets with upcoming contests in New York, California, Illinois and New Jersey.

The two gigantic money operations shattered numerous presidential fundraising records last year with both campaigns eclipsing the $100 million mark. Obama’s fourth quarter figures were included in a strategy memo e-mailed around by his campaign manager. 

Although the Clinton campaign did not release an overall fundraising figure — money for use in the primary and general election — for the fourth quarter, the math shows that the former first lady outraised Sen. Obama in total money brought in last year. Clinton’s $24 million plus figure October through Demember makes up for Obama’s small lead at the close of the third quarter. On Sept 30, Obama was slightly ahead of Clinton in overall fundraising $78.9 million to $78.6 million when using total receipts for both the primaries and general election and not including account transfers. (Clinton transferred $10 million from her Senate account).

Oh, and the fundraising battle continues – the Clinton campaign also announced bringing in $3 million in the first 8 days of the new year which falls behind Obama’s $8 million raised so far in 2008.

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