CBSN

Fred Thompson Raises Over $8M

Republican presidential candidate Fred Thompson makes a campaign stop in Greenville, S.C., Monday, Sept. 10, 2007.
AP
Presidential campaigns aggressively competed for dollars up to the last minute of the third quarter, eager to build their bank accounts for an expensive stretch of media advertising and voter outreach.

The first indications of the totals came from Republican Fred Thompson and Democrat Bill Richardson.

CBS News reporter John Bentley reports that Thompson has raised over $8 million in the third quarter, according to a senior campaign official. The official numbers will be released soon, but the official declined to speculate how much more than $8 million the campaign has raised.

While that number is expected to be lower than his GOP rivals, it eclipses the $5 million number Thompson's camp had been floating over the past few days.

Thompson will also report raising $3.5 million in June before the third quarter began, CBS News reports.

CBS News also confirms that Bill Richardson raised approximately 5.2 million dollars in the third quarter.

CBS News reporter Joy Lin reports that when asked why the campaign decided to be first of the Democrats to release the figure, the campaign offered 'no reason.'"

All the candidates were poised to begin revealing their fundraising numbers Monday, leaving the details for later, when they must file financial reports with the Federal Election Commission. The first votes of the presidential contest are scheduled to be cast in January.

A key number at this stage is how much cash the campaigns have on hand. They may raise a lot, or they may raise a little, but what they have in the bank to spend in the months ahead matters most.

Other key features to look for among Republicans:

How much money did former Massachusetts Gov. Mitt Romney, a multimillionaire, lend his campaign in this past quarter? He gave his campaign nearly $9 million in the first six months of the year and has said he dipped into his own pocket again this quarter.

Aides to Romney told the Washington Post last night that he raised about $10 million in the third quarter and contributed $6 million to $7 million of his own money.

After a dismal second quarter, has Sen. John McCain turned the corner and stabilized his fundraising?

Can former New York Mayor Rudy Giuliani maintain the pace he set in the second quarter as the Republican best able to raise money from individual donors?

Key points for Democrats:

Sens. Barack Obama and Hillary Rodham Clinton will once again lead the pack in fundraising. Who comes in first has become something of a Washington parlor game, but Obama's campaign reported Sunday that it had surpassed 350,000 donors, an impressive feat at this stage of a campaign.

Will former Sen. John Edwards remain on track to meet his goal of raising $40 million by the end of the year? On Monday, the campaign announced it had met its goal of raising $1 million online in the past 10 days, part of a last-minute push to boost his fundraising for the quarter. Last week he announced he would accept public financing of his campaign during the primaries, a move that would give him an infusion of several million dollars but would also limit his spending to about $50 million during the entire primary season.

Will Richardson's $5.2 million haul move him closer to Edwards and establish him as a fourth-place contender?

Will Sens. Joe Biden and Christopher Dodd raise enough to keep them in the hunt? Dodd closely trailed Richardson in the first six months, thanks in part to his transfer of $4.7 million from his Senate campaign account. But Richardson has had better luck in public opinion polls. A poll in Iowa by Newsweek showed him behind Clinton, Obama and Edwards, but he was the only other candidate in double digits, with 10 percent support.