In the News: Obama Raises Over $50 Million in June

Presumptive Democratic nominee Barack Obama raised $52 million last month, more than double the $22 million raised by presumptive Republican nominee John McCain. The campaign now has $72 million on hand. Obama has been using much of the money to invest heavily in states that have traditionally been Republican strongholds, including over $1 million each in Florida, Virginia, Georgia and Indiana. Analysts expect him to maintain his financial edge over McCain in the closing months of the campaign. Obama opted out of public campaign financing last month.

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