POLITICS

Obama Could Raise $500 Million In Final Two Months Of Campaign

06/27/2008 05:12 am ET | Updated May 25, 2011

Sen. Barack Obama's decision to forgo public financing for his presidential campaign clears the way for him to outspend Sen. John McCain by 3-to-1 or substantially more in the general election, a financial edge that dramatically rewrites the playbooks for both candidates.
campaign money

With the possibility of spending perhaps $500 million just in the final two months of the campaign, Obama will be the first major-party candidate to enjoy a spending edge in the general election in more than 30 years. The comparison with the consistently cash-strapped McCain campaign could hardly be more stark.

Read more on ABC News

Suggest a correction