McCain’s Money Woes

Newsweek blog
Holly Bailey

On the heels of his trip to Baghdad, John McCain will hit the campaign trail next week in California where he’s set to deliver what aides have described as a major address on Iraq and the nation’s foreign-policy challenges abroad. He’ll speak before the Los Angeles World Affairs Council next Wednesday. But in between that and a few town halls scheduled throughout southern California, McCain is also set to do some fund-raising, with events scheduled in spots including L.A., Palm Springs and Orange County, home to some of the wealthiest Republican donors in the country. Apparently, McCain needs all the help he can get. The three remaining presidential candidates filed their latest money reports with the Federal Election Commission yesterday and, not surprisingly, McCain is lagging way behind his Democratic opponents. According to the FEC, Barack Obama raised a staggering $55.4 million in February, while Hillary Clinton brought in roughly $35 million. As for McCain … well, the Arizona senator raised just over $11 million--slightly less than what he raised in January, the month he won New Hampshire and regained his political mojo.

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