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 TIME on politics Congressional Quarterly CNN/AllPolitics CNN/AllPolitics - Storypage, with TIME and Congressional Quarterly

FEC reports: Gore and Bush dominate the race for campaign funds

By Brooks Jackson/CNN

April 15, 1999
Web posted at: 6:03 p.m. EDT (2203 GMT)

WASHINGTON (April 15) -- As presidential hopefuls engage in a fierce horse race in the money race, they faced a deadline Thursday for filing their first quarter financial reports with the Federal Election Commission (FEC).

There's some revealing information in those files, and a bit of a surprise on the Republican side.


Texas Gov. George W. Bush is doing even better financially than he let on earlier. Bush had said he raised $7 million by the March 31 cut-off date for the first FEC report.

But the most recent numbers show he actually raised $7.6 million -- and did it in only 28 days, after announcing he was exploring the possibility of running.

The lion's share came from 5,237 donors who gave $1,000 each -- the legal maximum. That's $5.2 million of the total $7.6.

Just over half -- 54 percent -- of the total came from Texas, but Bush is getting strong support from around the country as well. And he didn't spend very much so he still had $6.8 million in cash, and practically no debt, making Bush the big gorilla on the GOP side.

Sen. John McCain showed a healthy report: $2.8 million in cash against only $500,000 in debts.

And Elizabeth Dole was also in the black with $500,000 in cash and $113,000 in debts.

But other Republicans aren't doing nearly so well.

Dan Quayle, who announced officially Wednesday, also had a half a million dollars in cash but owed more than $675,000. That puts his campaign in the red, but it's due to heavy fund-raising costs -- an investment that may pay off later.

Lamar Alexander was even farther in debt. He had less that $90,000 in cash and debts of more than $200,000.

Gary Bauer's in the black, but barely. He has $490,000 in cash and debts of $425,000.

Also in the plus-column: Pat Buchanan with $326,000 in cash against $112,000 in debts.

Steve Forbes is still financing his campaign out of his own pocket, spending $694,000 of his own money so far.

And for the record, New Hampshire Sen. Bob Smith reports $60,000 in cash and no debt.

The Democratic race is a two-man contest, with Vice President Al Gore dominating the money, as expected.

Gore's report showed he raised $8.9 million by the end of March, including $6.1 million from 6,145 donors who gave $1,000 each. And he had $6.9 million in cash at the end of the period, with very little debt.

The surprise on the Democratic side is how well Bill Bradley is doing against an incumbent vice president.

Bradley raised $4.3 million, including $3.6 million from donors giving $1,000 each. He ended well in the black with cash on hand of $2.9 million and zero debt.


Gore raises $8.9 million (4-2-99)

Bush exploratory committee says it has raised $7 million (3-31-99)


New Hampshire sets February 1 primary date (9-28-99)

Arizona governor endorses Bush over McCain (9-28-99)

Bradley unveils $65 billion plan for universal health care (9-28-99)

Gore receives endorsements of Shaquille O'Neal and Bill Cosby (9-28-99)



How much money have the candidates raised? Here are their quarterly reports to the Federal Election Commission.


McCain officially announces Presidential candidacy (9-28-99) video Windows Media: 28K | 80K



The art of being Bradley

How Gore's campaign went off the rails

On the wrong track

Bob Lang: On the wrong track (9-28-99) more

Mike Luckovich: "There's a whine in the air" (9-22-99) more


Democratic Presidential Primary

GOP Presidential Primary

Third Party Candidates


Thursday, April 15, 1999

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