Obama Has $500 Million To Spend On Campaign

11/20/2008 05:12 am ET | Updated May 25, 2011
  • Bloomberg

Barack Obama's record-breaking September fundraising puts him on track to have as much as a half-billion dollars for the general election, or almost double the resources of Republican opponent John McCain.

Obama, the first major-party nominee to shun public funding for the general election, reported taking in $150 million in September, the most ever raised by a presidential candidate in one month and more than twice as much as his previous record of $66 million in August.

He entered September with $95 million in the bank. Combined with the $50 million raised by the Democratic National Committee, which can be spent on his behalf, Obama brought in another $200 million last month. Political observers expect him and the party to at least match those figures in October, giving Obama around $500 million for the two-month campaign ending with the Nov. 4 election.

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