AP: Dole burns through cash during second quarter
Associated Press
July 11, 2008
RALEIGH, N.C. — Sen. Elizabeth Dole entered the third quarter with 10 times more campaign cash than her Democratic rival. Now, the gap has shrunk to just about double.
Dole, a Republican, burned through millions of dollars in cash during the last few months, in part because of a television advertising buy to introduce her accomplishments to voters.
Her campaign said she raised some $1.7 million during the reporting period, adding to the $3.2 million she had on hand during a finance report in mid-April. But her campaign said Friday she had just $2.7 million remaining.
State Sen. Kay Hagan, meanwhile, reported having just $317,000 cash on hand three months ago. But her campaign said this week she had quadrupled her available cash to $1.2 million at the end of June after raising an additional $1.5 million. Hagan has said she will need to raise about $10 million to compete against Dole, who faces re-election for the first time in November.
Dole has aired two separate television ads since the May primary, touting her work on illegal immigration, tobacco buyout programs and protecting North Carolina military bases. Hagan, a lawmaker from Greensboro, aired several ads before the primary but has not gone to the air since then.
