Barack Obama Collects $25 Million
Illinois Senator Was A Close Second To Hillary Clinton In Presidential Dash For Cash
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Obama: The $25 Million Man
Sen. Barack Obama raised $25 million in the first quarter of 2007, nearly matching Sen. Hillary Clinton's numbers. Gloria Borger has more on the battle for the Democratic presidential nomination.
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Campaign Fundraising Hits High
Presidential candidates smashed first-quarter fundraising records. Republican Mitt Romney raised $21 million while Democrat Hillary Rodham Clinton took in $26 million. Gloria Borger reports.
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Capitol Bob On Campaign Funds
CBS News chief Washington correspondent and host of "Face the Nation" Bob Schieffer speaks with Julie Chen about the record campaign funds some 2008 presidential hopefuls have been collecting.
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Former Massachetts Gov. Mitt Romney raised $23 million for his White House run in the first quarter of 2007. (AP Photo/Tony Dejak)
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Sen. Hillary Rodham Clinton addresses the National Education Association New Hampshire delegation during a campaign stop in Concord, N.H., on March 30, 2007. She raked in $26 million in first-quarter fundraising. (AP)
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Sen. Barack Obama is the latest presidential hopeful to obliterate the old first-quarter fundraising records. (AP Photo/Charlie Neibergall)
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Who's Who
2008 Democratic Hopefuls
Clinton, Obama and Edwards lead the chase for the Democratic nomination.
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Who's Who
2008 Republican Hopefuls
McCain and Giuliani head up the Republican pack chasing the presidency.
Obama's fundraising number came from an official in his campaign, who spoke on condition of anonymity.
The eye-popping figure was the latest evidence that Obama, a political newcomer who has served just two years in the Senate, has emerged as the most powerful new force in presidential politics this year. It also reinforced his status as a significant threat to Clinton, who'd hoped her own $26 million first-quarter fundraising total would begin to squeeze her rivals out of contention.
There's one key difference between Obama and Clinton, reports CBS News correspondent Gloria Borger: Obama has 100,000 donors, about twice as many as Clinton. And half of them — 50,000 people — gave by logging on. Obama raised $6.9 million online, compared with $4.2 million for Clinton.
While Clinton has honed a vast national fundraising network through two Senate campaigns and her husband's eight years as president, Obama launched his bid for the White House with a relatively small donor base concentrated largely in Illinois, his home state. But his early opposition to the Iraq war and voter excitement over his quest to be the first black president quickly fueled a powerful fundraising machine.
Obama is the latest presidential hopeful to obliterate the old first-quarter fundraising records.
Republican Mitt Romney raked in $23 million to join Clinton in the $20 million-plus club. The also-rans in the money race also reported eye-popping totals.
Republican frontrunner Rudy Giuliani collected $15 million, and Sen. John McCain, R-Ariz., took in $12.5 million.
Among Democrats, John Edwards collected $14 million. That's double what the North Carolina Democrat raised in the same time period in his last run for the White House.
Cash wasn't always king, reports Borger. But the top candidates have opted out of the public financing system, so they can raise as much money as they want. And they'll need it. The last time the presidential race was this wide open, with no incumbent president or vice president running, was 1952.
To understand just how awash in cash the class of 2008 is, it's only necessary to look at the previous first-quarter fundraising records. Republican Phil Gramm of Texas and Democrat Al Gore of Tennessee held the previous high-water marks: $8.7 million for Gramm in 1995 and $8.9 million for Gore in 1995.
The fundraising totals are a crucial test for the candidates and indicate whose campaign is strongest less than a year before the first primary votes are cast. The fundraising deadline for the January through March period was Saturday, with financial reports due April 15.
Clinton swelled her campaign war chest by transferring an additional $10 million from her Senate fundraising account, aides said. That brought her to $36 million.
Other candidates reporting first-quarter totals included:
© MMVII, CBS Interactive Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.



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See all 175 CommentsWhat your vote stands for ^ ^ ^ ^ ^ ^
I HOPE EVERY AMERICAN DOES EXECTLY WHAT I STATED HERE, GET THE WORD OUT.
THIS GOVERNMENT IS AND WILL NOT HELP THE AVERAGE AMERICAN SO EVERYONE BETTER WAKE UP AND TAKE CONTROL OF OUR GOVERNMENT NOW BEFORE ITS TO LATE.
IF YOU SIT BACK AND DO NOTHING, THAN DONT SAY A WORD, THIS IS TO GET OUR COUNTRY BACK.
THIS GOVERNMENT HAS LIED,CHEATTED YOU, AND WILL NOT FOLLOW THE LAWS OF THIS COUNTRY, SO WHY SHOULD WE..
SO GO AHEAD DO WHAT YOU WANT TO DO TREAT EVERYDAY LIKE THEY DO WITH NO RESPECT TO THE LAWS AND OUR CONSTITUTION OR BILL OF RIGHTS, SO GO AHEAD HAVE FUN LIKE THEY DO ALL IN WASHINGTON....
Any person of faith necessary has a conflict.
Many Republicans are unhappy with thier field.
Romney - Morman, not pro war
McCain - too old, conseritive credentials suspect, history as a womanizer.
Giuliani - pro choice, pro gun control, not conseritive enough, history of extreme marital problems.
It is interesting that they al cna raise money.
Posted by Terrapin78
__________________________
Terrapin, do you know any Mormons? Have you ever looked into what they believe in? Do you know what the Book of Mormon says? You can say a person will be a good President just based on religion? I think you should get an education about what you say before you open your mouth.
Here is one of the things Mormons say they believe in. You can find the rest at http://www.lds.org/library/display/0,4945,106-1-2-1,FF.html
We believe in being subject to kings, presidents, rulers, and magistrates, in obeying, honoring, and sustaining the law.
I do find it interesting thought that the Mormon is the only Republican frontrunner that has not had multiple wives.
Any person of faith necessary has a conflict.
Posted by gwagener
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What? Are you saying if one is religious he cannot be a good leader?
I don't believe a Mormon can be elected President. Their loyalty to the Book of Mormon is greater than their loyalty to the US Constitution.
The same thing was said of JFK because a Catholic theoretically has to be loyal to the Pope above the constitution. Giuliani is Catholic.
Only an athiest can say they are loyal to the Constitution first without being a hypocrit.
I've actually read the Book of Mormon, and it teaches a person to be good and honorable and moral in all their doings. Isn't that the kind of person we want in the white house?
Mitt Romney's been married for 38 years, done wonders as governor of Massachusetts, made the SLC Olympics a huge success and spent countless years making businesses profitable. He has what this country needs to get back on track.
What? Are you saying if one is religious he cannot be a good leader?
No, I'm saying if disqualify Romney for ging a Morman you have to disqualify Giuliani for being Catholic. For that matter, you have to disqulify everyone of faith. It's not likely that we will see an athiest running for President any time soon, so in the mean time, we are going to have to rely on the separation of church and state to keep any President from imposing thier religion.
the "Mormon" church never backs a specific candidate
If they did that, they would lose their tax exempt status. Separation of church and state goes both ways.
Posted by guysdigdirt
As a person who does have a lot of knowledge concerning the Mormons, I can tell you that Romney will do whatever his 'Prophet' tells him to do
It's a well known fact that many priests were encouraging their congregation to vote Republican in the last presidential election... And they never lost their tax exempt status.
The big difference is the priests acted without the approval of their church. Some of these cases are under investigation still and it is possible that some priests/pastors may have been or may still get fired. Some congregations (just one community, not the national church) may be in jeorpardy for the violation. Of course, Alberto Gonzales would have to decide to procecute.
What our votes mean ^ ^ ^ ^ ^
Posted by dallison7
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You seem quite full of yourself and your perceived knowledge. If you are as knowledgeable regarding Mormons as you say, you know neither the Prophet nor any other leader of the Mormon Church would ever try and sway a political leader's mind toward any action. But do not assume Mr. Romney, or any other person, will always do as directed by any outside force or person.
Posted by nolalou
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If I do not like your stance on something, or if people like you more than they like me, I could tell people you molest children. That would not make it true, but some would believe it and tell others. The tragedy is that many would believe it because they heard someone repeat it. But if someone got to know you, and who you really are, they would not believe the lie and would find me to be a liar and a fake for telling the none-truth.
Find out the truth for yourself. Do not lean upon what others tell you.
Posted by jimkun
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You are wrong, in those instances where it was proven the church lost it's status and the congregation that donated to them lost the write-offs.
Posted by veteran71
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You sound like a cynic and a sore-loser. Would you prefer Gore had won the first election? Do you know how to speak Afghani? You would have had to learn it after 9/11 if he had.
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You seem quite full of yourself and your perceived knowledge. If you are as knowledgeable regarding Mormons as you say, you know neither the Prophet nor any other leader of the Mormon Church would ever try and sway a political leader's mind toward any action. But do not assume Mr. Romney, or any other person, will always do as directed by any outside force or person.
Posted by guysdigdirt at 04:07 PM : Apr 02, 2007
Posted by jmo1685
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Don't even play like that!!!!! Ouch, she was already President for 8 years, her turn is up. and if she did not know her husband was cheating on her how will she know how to run a county? Then she could not handle the situation with him after that, stuck with him for political reasons and now wants to have us entrust her with our faith to lead this country? You think we are in a mess now, that would be the icing on the cake.
I HOPE EVERY AMERICAN DOES EXECTLY WHAT I STATED HERE, GET THE WORD OUT.
THIS GOVERNMENT IS AND WILL NOT HELP THE AVERAGE AMERICAN SO EVERYONE BETTER WAKE UP AND TAKE CONTROL OF OUR GOVERNMENT NOW BEFORE ITS TO LATE.
IF YOU SIT BACK AND DO NOTHING, THAN DONT SAY A WORD, THIS IS TO GET OUR COUNTRY BACK.
THIS GOVERNMENT HAS LIED,CHEATTED YOU, AND WILL NOT FOLLOW THE LAWS OF THIS COUNTRY, SO WHY SHOULD WE..
SO GO AHEAD DO WHAT YOU WANT TO DO TREAT EVERYDAY LIKE THEY DO WITH NO RESPECT TO THE LAWS AND OUR CONSTITUTION OR BILL OF RIGHTS, SO GO AHEAD HAVE FUN LIKE THEY DO ALL IN WASHINGTON.... THIS IS WHAT YOU CAN TELL THE PRESIDENT FOR ME. DAVID A BELANGER,FOR-AMERICA@HOTMAIL.COM. GO AHEAD PRINT THIS IN EVERY PAPERS
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truthword looks like he/she/it believes even the Bazooka Bubble Gum quotes as printed.
Posted by Musty2U at 04:29 PM : Apr 02, 2007
truthword
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No, you clearly demonstrate you have no idea what you are talking about. If you believe even 1% of that you are greatly misled.
If you want to find out what they really are all about go to them and ask them. Read their books. Read what respected authors of this day write about them. Do not rely on quacks that post a web site and have not foundation for their writings.
You do not know the truth about Mormons, it scares me what you might think you know about other people and religions too.
George Bush raises lots of money and we see how unqualified he is.
Perhaps it's time to ban political contributions. They could be better used to help pay down the deficit.
The Democrats and the Republicans are DESTROYING AMERICA.
The sheep will follow!
Posted by GunOwnerDan
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As will those who represent true opportunity. When America finds one who can, and will, make the changes needed, that person will get, got, support.
In reality I think Romney will not inhabit the White House. He is too honest to win the election. Ironic no?
This is about the 20th time you have posted this c*ap! Once was more than enough! Get a life you looser!
mormon freemasonry
Ye seed and ye shall find..
Ye shall know the truth, and the truth shall make you free.
I'll be back in about an hour though, I'm almost done with my work for the day. :-)
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No, you clearly demonstrate you have no idea what you are talking about. If you believe even 1% of that you are greatly misled.
If you want to find out what they really are all about go to them and ask them. Read their books. Read what respected authors of this day write about them. Do not rely on quacks that post a web site and have not foundation for their writings.
You do not know the truth about Mormons, it scares me what you might think you know about other people and religions too.
Posted by guysdigdirt at 04:38 PM : Apr 02, 2007
+ report abuse
Posted by GunOwnerDan
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"Billionaire John Kerry supporter George Soros is working through the U.N. to negotiate a treaty that will ban private ownership of firearms on a worldwide basis."
This is an actual headline from October 2004. Soros, a billionaire, said he would give all his money to see Bush defeated. His money pushed thru laws that took your and my free-speach away. He gave millions of dollars to beat Bush. But that money did not cause us to have to live with Kerry as the president. Not always will money make a difference.
I agree Dan, sometimes money will make a politician do things they might not otherwise do once they get into office. The political system should be changed so they all have only the same amount of money to use and no private contributions. Then they would not be "bought" once in office.
we can go on like this all day, but if you believe everything you read on the net, it is hopeless.
This is about the 20th time you have posted this c*ap! Once was more than enough! Get a life you looser!
Posted by nolalou
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I agree!!! No one reads your posts forthepeople. Let it go.
Posted by guysdigdirt
I agree but then you would have PACS and 527s bombarding the airwaves with negative advertising. The courts seem to feel that this is protected free speech but IMO these misleading and untruthful ads are akin to yelling fire in a crowded movie theater. These bozos need to go back to stumping from the back of a train and getting to meet their constituents face to face.
We should select representatives the same way we select jurors.
It will not happen in my lifetime, but the best way to rid ourselves of corruption in politics is by eliminating career politicians.
Representative government does not need or require egomaniacs who spend their entire lives connivig their way into elected office.
Until we eliminate professional politicians, we can expect more of the same. Politicians will always cater to those who give them the most money. And, the vast majority of Americans (about 97%) do not contribute to political campaigns. Which means they are not represented by anyone.
If nothing else, George Bush has conclusively demonstrated that anyone (or anything) is capable of holding the Office of the President. No qualifications or ability required.
As have most members of his GOP led rubber stamp congress.
Time to eliminate elections entirely. They serve no useful purpose.
bush loving, war making, ignorant, uneducated, phony christian, evangelist freaks and republican snakes.
the south never does good for america.
fat people, war makers, bush loving slave state trash.
nothing good comes out of the south!
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