03/29/2008 05:12 am ET | Updated May 25, 2011

McCain Fundraising DROPS In February Despite Being Nominee

In February, the month before he became the presumptive Republican nominee, John McCain raised $11 million, which was slightly less than he had raised in January and reflects the thinness of his financial backing, even as he headed toward a certain nomination.

Mr. McCain, whose ability to raise money has risen and fallen with his political fortunes, has embarked on a nearly daily schedule of fund-raising since March 4. But, in February, as he racked up one primary win after another, his attention focused more on gaining delegates than dollars. The $11 million he raised that month was less than the $11.7 million raised in January. At the same time, his campaign maintained the same amount of bank debt as before, slightly under $5 million.