By Xinhua,
Washington : Reports released on Thursday showed that U.S. Democratic presidential candidate Barack Obama spent 55 million U.S. dollars for his campaign in July, compared to the 32 million dollars his Republican rival John McCain invested.
According to the financial reports Obama’s campaign filed to the Federal Election Commission, he raised more than 50 million dollars in July and remained strong momentum in inspiring new donors.
Among his expense of 55 million dollars, about three-fifths went to media costs as he was caught in a fierce ad battle with McCain.
McCain financial reports released on Wednesday showed that he raised more than 26 million U.S. dollars in July, with two-thirds on advertising, leaving him more than 21 million dollars in the bank at the start of August.
McCain showed a debt of 2 million dollars while Obama had debts of nearly 1 million dollars, according to their reports.
The report also showed that both of the two White House hopefuls lent help from their parties, respectively, in raising campaign fund, with 5.6 million dollars of McCain’s total amount raised coming from contributions made to a joint victory fund set up with the Republican National Committee, and 12.5 million dollars Obama got being connected to the Democratic National Committee.
Former Democratic presidential candidate, Hillary Rodham Clinton, reported a slight reduction of her campaign debt from 25.2 million dollars in June to 23.9 million dollars in July, but she is still struggling to raise money to write off her debts.