McCain closing the gap in fundraising against Obama

Democrat Barack Obama raised $22 million in May for his presidential campaign, his weakest fundraising month this year, and ended the month with $43 million cash on hand.

McCain raised $21 million in May and ended the month with $31.6 million in the bank. Of Obama’s cash on hand, $10 million is available only for the general election, leaving him with about $33 million to use between now and the party conventions in late summer. Obama reported debts of $304,000; McCain had debts of $1.3 million.

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