The once-vaunted fundraising operation of Barack Obama, which has raised more than $400 million (£226 million) already, appears to be slowing according to a story in today's New York Times.
The NYT story reports that Obama has been pressing top fundraisers, revising state-by-state goals, and dispatching surrogates across the country in an effort to make his decision to forego public financing pay off. The McCain campaign, together with the Republican National Committee RNC, has surpassed expectations in recent months and left the two groups combined with more cash-on-hand than Obama's combined total with the Democratic National Committee.
For their part, the Obama campaign expects online fundraising, the source of much of their success to date, to increase significantly in the last two months of the campaign. McCain, who raised $47 million in August, is now limited to spending the $84 million he'll receive through public financing. He'll have to count on the RNC to help him match whatever advantage Obama ends up having financially. Mr. Obama's August fundraising totals are due out early next week.










