Bush adds another $10 million to his campaign warchest
December 30, 1999
Web posted at: 1:19 p.m. EST (1819 GMT)
WASHINGTON (CNN) - In spite of strong year-end fund-raising figures released this week by the campaign of Arizona Senator John McCain, Thursday was Texas Governor George W. Bush's day to gloat. Bush added another $10 million to his already staggering bank account this quarter, bringing his fund-raising total to over $67 million for the year.
That amount exceeds McCain's better-than-expected, fourth-quarter take by more than $4 million.
But the pace of the Bush campaign's spending has been nearly as staggering. Reporting $31 million cash on hand, Bush has spent a total of $36 million this year -- more than half of what he has taken in. Some $17 million was spent in the fourth quarter of 1999 alone.
Despite the heavy spending, Bush starts 2000 in an enviable position, with his $31 million in cash-on-hand far exceeding McCain's reserves. The McCain campaign, which released its latest fund-raising figures Wednesday, says it will have $7.7 million to spend going into 2000, which includes $6.2 million in federal matching funds.
The Bush campaign is not accepting federal matching funds.
On the Democratic side, former New Jersey Senator Bill Bradley's campaign said Wednesday that he raised enough money in the fourth quarter of 1999 to put him on financial par with Vice President Al Gore.
The Bradley campaign released a statement Wednesday saying it will soon report raising more than $8 million in the period covering October through December. The figure, the most that Bradley has raised in a quarter so far, brings his campaign's total to more than $27 million for the year.
While the Gore campaign isn't expected to release its final figures until later Thursday, the vice president's camp is expected to have raised about
$4 million in the final quarter. The campaign's fund-raising total is expected to be around $28 million.
Friday is the last day of the fourth-quarter fund raising calendar. All
presidential candidates are required to file FEC reports detailing fourth-quarter fund-raising and spending figures by January 31, 2000.
CNN's Beth Fouhy contributed to this report.