McCain strapped for campaign cash

WASHINGTON (AP) -- Another sign that Senator John McCain's presidential campaign is having problems.

It's reporting that it spent more money than was raised from April through June. The latest reports filed with the Federal Election Commission show McCain has just over $3 million in cash and nearly $2 million in debts.

Hindered by unpopular stands on the Iraq war and immigration, McCain raised more than $11 million in the second quarter, short of his first quarter donations. He spent $13 million. Overall, he has raised $25 million in his campaign and spent $22 million.

The financial report comes just days after the Arizona Republican announced major staff shakeups. His campaign manager left and his longtime strategist resigned.

(Copyright 2007 by The Associated Press. All Rights Reserved.)


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