CNN has learned McCain’s campaign has only $250,000 left.
WASHINGTON (CNN) – CNN has learned the already-dire situation for Sen. John McCain's presidential campaign has actually gotten even worse, with two sources close to the candidate saying the campaign only has a paltry $250,000 left.
The sources tell CNN that next week the McCain campaign will reveal it has about $1.75 million in unpaid debts, wiping out the $2 million in cash-on-hand the campaign currently has in the bank.
It was not immediately clear whether the campaign debt must be repaid immediately or whether the debt can be paid back over time, including after the presidential campaign ends.
Even though McCain has raised just over $11 million overall in the last three months, his campaign has spent large sums of money, one of the primary reasons for the departure earlier this week of his top two strategists, Terry Nelson and John Weaver.
A McCain spokesman had no comment on the latest financial troubles, which will spark a new round of speculation about the candidate's viability. Campaign officials are expected to release details about campaign’s financial situation early next week.
– CNN White House Correspondent Ed Henry
TIME.com: Is John McCain's Candidacy Cooked?
McCain sure isn't getting the money. Its all starting to go to Ron Paul! I donated $150.00
"Peace, commerce, and honest friendship with all nations-entangling alliances with none."
i think the answer is yes, he is cooked. when huckabee, brownback, and possibly even gilmore have more money than you, i would say you are cooked.
Sounds like the Crooked Talk Express has run off a cliff....
If you can't manage your campaign budget you can't be given the responsibility of managing the country.
It doesn't take a rocket scientist to figure this one out, but I predicted that the immigration bill would be the beginning of the end for his campaign.
McCain has never in reality had a chance to begin with. His views are based in the same fantasy wirkd as Bush,Cheney and he is dismissed as a nutcase.
A much more important question is whether or not the administration will sponsor a terrorist strike inside the US and try to go dictatorial on us.
This time they won't be able to blame the previous administration, but even if they do, dissenters will be rounded up and sent to the camps.
It is time to call it a day and get behind another candidate. Resume his leadership in the Senate, where we need him, and he can correct the errors that made him tank in the first place. Republicans need to circle the wagons around a nominee sooner than later. Let the dems tear themselves apart with a bloody primary.
Here's hoping he removes himself from the race soon, so we don't have to see ten stories a day about how his campaign is faltering.
I'm voting for Ron Paul.
Is this a preview of his Presidency? Fiscal responsibility rates high on the list of Presidential abilities for this Republican Primary voter.
Now it's time for CNN to spend more time on Ron Paul who is now in third place in money raised and cash on hand.
Poor poor Juan McAmnesty.....
Time to throw in the towel and move to Mexico and run for office there!!
If I want to send 50 cents to Juan McAmnesty's campaign, should I send pesos???
Is John McCain a top tier candidate? No. But he is still winning in a dozen primary states, and even without the money, he already has huge name recognition. So, It is important to realize that McCain still has a shot, even if he's not a front-runner. Its Six months before Iowa!
Either way i'm not pulling for him; i'm going for Romney.
All of these "dancing on the grave" comments about the demise of McCain's candidacy are off the mark. First, his major donors have indicated that they're going to stick with him. Second, his experience and knowledge outpaces the rest of the field (Democrats included) by miles. Third, his record of overcoming personal and political adversities makes all of the other candidates pale in comparison. In addition, each time he hits the campaign trail in earnest, his poll numbers go up. If Bill Clinton can survive woes on the campaign trail that should have buried his candidacy in 1992, then John McCain can certainly rebuild his support in Iowa, New Hampshire, and South Carolina.
Had he been a strong supporter of border security and the elimination of illegal immigration into this nation, he would probably have been the next President. Instead he spendt his time going around the country, and informing Americans on how lazy they are, that we would'nt pick lettuce for 50 dollars an hour. Some people have said he is involved in business with the Narco state known as Mexico. Enough said?
Once upon a time, John McCain WAS a courageous American.
That was a long time ago. Today's John McCain is a guy who, AFTER the Bush people spread rumors that his wife was nuts and that he had an out-of-wedlock black child, STILL literally and figuratively embraced George W. Bush.
Who could support a man who won't even stick up for his wife and child? Time to check into the home, Johnny. Your time has come and gone.
It makes me vomit every time I think of the way he was hugging and kissing Bush. Good riddance,
You are a great senator, but please drop out & turn on this corrupt administration.
The republican party needs to be saved & you can help by telling the truth.
The repuglicons are moving away from Bush, because the oil deal in Iraq is not going so well. Poor Exxon/Mobil. But this guy who Bush ripped into in 2000, still kisses his butt. Warmonger Moron.
Mc Cain needs to do something dramatic. He needs to fully support Bush. If he just says he talked to God and God said to stay in Iraq, if he brings Seabiscuit (Michael Brown) into his campaign as director of natural calamities, if he hires Scooter and promises a second pardon after Bush pardons him, if he hired Karl Rove, if he promises to replace all federal workers with Haliburton on no-bid contracts, he'll change his fortunes for sure.
It's not enough to just support the war and immigration.
McCain probably spent it all on his young chickies.
Goodbye Granpa why would I vote for someone who sucks up to the very same thugs who dissed his wife and family? Talk about ambition trumping everything.
John McCain is an honorable man who stands by his priciples even though it's not popular to do so. His alliance with George Bush however is an indication that he's for more of the same and that's not the change the american people are demanding.
"Either way i’m not pulling for him; i’m going for Romney."
Oh goody! You won't pull for a Vietnam War veteran and a popular Senator, but you will support a silver-sppon fed, billionaire flip-flopping 'Ken-Doll' parody of a Governor! Great! Isn't that what we got with George W.? Another informed American voter...no wonder our country is in the toilet!
What a disgrace to this country.
About all McCain is ready for is retirement.