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Obama's Third Quarter Haul: $20M

Democratic presidential hopeful Sen. Barack Obama, D-Ill., waves to the crowd after delivering his convocation address at Howard University in Washington, Friday, Sept. 29, 2007.
AP Photo/Susan Walsh
Democrat Barack Obama raised more than $20 million from July through September, with $19 million going to his primary campaign and the rest allotted to the general election, his campaign said Monday afternoon.

His total for the year was nearly $80 million, his campaign said Monday.

Also on Monday afternoon, John Edwards' campaign said he raised $7 million this quarter. This is down from the $9.1 million Edwards raised in the 2nd quarter.

The third quarter takes brings Edwards' total to just over $30 million for the year so far, CBS News' Aaron Lewis reports. In a conference call with reporters, the campaign said that he has $12 million cash on hand and expects to have about $22 million with matching funds.

Obama's third-quarter contributions were less than he raised in each of the first two quarters. But the total still kept him at the top of the fundraising pack - at least temporarily. His closest fundraising rival, Sen. Hillary Rodham Clinton, had not released her totals Monday.

The summer total includes donations from 93,000 new contributors, aides said. Overall, the Obama campaign has received contributions from 352,000 donors so far this year. Contributors are limited to a maximum of $2,300 each.

The campaign did not say how much money it had in the bank, an important figure as the presidential contest heads into one of the heaviest spending periods of the season. Obama has been spending heavily, especially in Iowa, where the first presidential caucus is scheduled for January.

Obama, like other major candidates, also has been raising money for the general election, but the bulk of his contributions are for the primaries. Since the beginning of the year, he has received nearly $75 million for the primaries and about $4 million for the general election.

Fred Thompson, the GOP newcomer, has collected more than $11.5 million since June when he began exploring a run, Republicans familiar with his fundraising said Monday. He raised over $8 million of that in the third quarter, CBS News' John Bentley reports.

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.

On Sunday night, Democrat Bill Richardson indicated he had raised approximately $5.2 million in the third quarter.

CBS News' 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.'"

Sen. Joe Biden of Delaware is expected to show nearly $2 million in new third-quarter contributions, $6.4 million for the year. And Sen. Chris Dodd of Connecticut raised $1.5 million in the quarter, $8.8 million for the year, and will show $4 million in the bank, his campaign said.

All the candidates were poised to begin revealing their fundraising numbers this week, leaving the details for later, when they must file financial reports with the Federal Election Commission.

The third quarter is traditionally a difficult fundraising period, and the candidates raised less in the past three months than they had in each of the first and second quarters. Obama, for instance, raised a high of $33 million in the second quarter and Edwards' best was $14 million in the first.

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. Only Edwards and Dodd released cash-on-hand figures.