McCain Raises $7M in NYC

By MichaelJames

May 7, 2008 11:28pm

ABC News’ Bret Hovell reports: Sen. John McCain, R-Ariz., raised $7 million for his campaign and the Republican National Committee Wednesday night at a fundraiser in New York City.

The event was hosted by the owner of the New York Jets, Woody Johnson, who announced the total. It was the largest single fundraising haul for the McCain campaign.

Under a new fundraising structure created by the campaign and the RNC, donors can give to an organization called "McCain Victory 2008" up to nearly $70,000. The first $2,300 of that money goes to the McCain campaign, the largest amount that can be given to a candidate under federal regulations. The next $28,000 or so goes to the RNC, and any further money is divided up evenly by four swing states the campaign plans to target in the general election.

Democrats this cycle have far outraised McCain, the presumptive Republican nominee, but McCain’s fundraising has improved in recent weeks. Tuesday night at a fundraising event in Michigan, the campaign netted $2 million.

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