Former New York mayor Rudy Giuliani
WASHINGTON (CNN) - Former New York Mayor Rudolph Giuliani raked in $17 million in campaign funds in the past three months, topping his two leading GOP rivals in fund-raising for the quarter, the Giuliani campaign announced Monday.
The figures came out shortly after former Massachusetts Gov. Mitt Romney announced he had raised $14 million in the second quarter and had lent his campaign an additional $6.5 million. Romney's campaign said the $14 million raised was all for the GOP primary campaign, while a Giuliani campaign aide told CNN that $15 million of the former mayor's take can be spent for the primary.
Giuliani brought in nearly $2 million more than in the first quarter, when he trailed Romney. The campaign had more than $18 million remaining in the bank by the end of June, $3 million of which must be reserved for a possible general election race, the Giuliani aide said.
"We are thrilled by our fund-raising this quarter and are running a strong and efficient campaign. We are well positioned to win both the primary and the general elections," campaign manager Michael DuHaime said in a statement announcing the results. "We are serious about being good stewards with the money that has been entrusted to us."
Giuliani has led many early polls of the GOP field, with Romney and Sen. John McCain of Arizona rounding out the top tier of candidates in both money and polling.
The announcements by Giuliani and Romney came a day after McCain's 2008 campaign announced it was cutting staff and restructuring after seeing second-quarter fund-raising skid from $13 million to $11 million. A McCain aide told CNN that all but $850,000 of the $11.2 million was in primary donations.
Romney's fund-raising fell by nearly $7 million after a $21 million first quarter. But the campaign had $12 million in cash left on hand, compared to just $2 million for McCain.
Stuart Rothenberg, editor of the non-partisan Rothenberg Political Report, noted that while Giuliani and Romney lead the GOP pack in fund-raising, raising money is not the sole measure in predicting who is going to win a presidential nomination.
"I think the numbers reflect a showing of which candidates have some momentum and are generating the greatest excitement and interest," Rothenberg said. "But ultimately the Republican and Democratic races are about Iowa, New Hampshire and appealing to primary voters and caucus voters. Money is only a part of each of these campaigns."
– CNN's Mark Preston and Matt Smith