McCain's Campaign To Report Debt On July 15

More

Sen. John McCain's presidential campaign is in debt, again. Campaign sources say that the balance sheet reported to the Federal Election Commission on July 15 will include debts of more than $1.5M, including $700,000 owed to an e-technology firm.

In the meantime, McCain plans an aggressive late-summer / early fall schedule of fundraisers to keep money flowing to the campaign. Sources said that about $1.5M per month will be allocated to all overhead costs -- staff salaries, field offices, equipment, travel -- and the rest will be saved for late-cycle television advertisements.

McCain advisers late yesterday dismissed speculation about the campaign's political plans, saying that McCain could continue to compete in Iowa, for now. The advisers did not deny reports that reducing his presence in Iowa was one option, although McCain's campaign chairman, Dave Roederer, told a reporter yesterday that he was "quite confident" McCain would mount an aggressive campaign in Iowa.

The advisers also said that McCain isn't ready to opt in to the federal primary matching fund system, just yet, preferring to wait for a few months to see if the campaign accumulates enough money. McCain's major donors were said to be outraged when former campaign manager Terry Nelson floated the matching fund possibiity during a conference call with reporters.

Finally, the campaign is bracing for the departues next week of more senior staff members.

A side note: McCain's Florida co-chair, State Sen. Bob Allen, was arrested this week on charges that he solicited an undercover police offcer for oral sex.

Jump to comments
Presented by

Marc Ambinder is an Atlantic contributing editor. He is also a senior contributor at Defense One, a contributing editor at GQ, and a regular contributor at The Week.

Get Today's Top Stories in Your Inbox (preview)

Why Are Americans So Bad at Saving Money?

The US is particularly miserable at putting aside money for the future. Should we blame our paychecks or our psychology?


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

The Death of Film

You'll never hear the whirring sound of a projector again.

Video

How to Hunt With Poison Darts

A Borneo hunter explains one of his tribe's oldest customs: the art of the blowpipe

Video

A Delightful, Pixar-Inspired Cartoon

An action figure and his reluctant sidekick trek across a kitchen in search of treasure.

Video

I Am an Undocumented Immigrant

"I look like a typical young American."

Video

Why Did I Study Physics?

Using hand-drawn cartoons to explain an academic passion

Writers

Up
Down

More in Politics

Just In