John McCain Running Out Of Money

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[Election 2008]

New campaign spending reports show Republican John McCain had less than $24 million to spend on his presidential campaign as of last week. The Republican National Committee reported having nearly $60 million in the bank.

McCain reported that as of Oct. 15 he had $25.2 million cash in hand and $1.2 million in debts. At his spending rate of $1.5 million a day, McCain likely has $12 million left to spend in the next 11 days.

Election Day is Nov. 4.

McCain filed his reports to the Federal Election Commission on Thursday evening.

Democrat Barack Obama had until midnight to file his report.

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