White House Hopefuls Focus on Money

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Presidential candidates are using the Memorial Day holiday to raise cash. Reports so far show the three top Democratic contenders with 35 percent more money than the three top GOP contenders. The next deadline for fundraising reports is a month away.

STEVE INSKEEP, host:

NPR's Business News starts with the fundraising business for presidential campaigns.

The presidential candidates are using this Memorial Day holiday to raise money. Their next fundraising deadline to report what they've brought in is a month away. Republican Senator John McCain has a lot of catching up to do because the $13.3 million that he raised in the first quarter of this year actually put him well behind two other Republican contenders. Mitt Romney leads the Republicans with $20 million - a little more than that, actually, but he's still less than Democratic Senator Hillary Clinton and Senator Barack Obama.

So far the three top Democratic contenders have raised about 35 percent more than the top three Republican contenders. The Democrats are raising more money, at least according to what's been reported so far. Recent financial disclosures required of presidential candidates reveal that the crowd of candidates includes 10 millionaires.

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