Politics & Government

McCain's July bills: $32 million

Republican presidential candidate John McCain spent $32 million in July, with nearly two thirds devoted to advertising, according to financial reports filed Wednesday.

McCain, in documents submitted to the Federal Election Commission, reported raising more than $26 million during the month. He began August with more than $21 million.

The deadline for filing July financial reports was midnight Wednesday. Democrat Barack Obama had not submitted his by Wednesday evening, but the campaign announced last weekend that he had raised more than $51 million in July.

McCain has agreed to accept $84 million in a federal funds for September and October. That means he must spend all the money now in the campaign's account by the end of the Republican National Convention in early September or donate the balance to the Republican National Committee.

Obama has decided to bypass public funds in anticipation of raising far more on his own. As a result, he has been trying to build up cash reserves. His campaign has said he ended July with nearly $66million in hand.

McCain's report shows that donors contributed nearly $21million directly to his campaign. He also received $5.6million in contributions through a joint victory fund set up with the RNC.

He showed a debt of $2 million.

Matching funds

The FEC is scheduled to vote today on whether McCain should be allowed to reject federal matching funds he was entitled to receive during the primaries.

McCain had qualified for such funds, but decided not to accept them because he wanted to spend above the limits.

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