WASHINGTON (CNN) – Barack Obama, Hillary Clinton, John McCain and the nearly 20-plus other presidential hopefuls were not the only politicians participating in the money chase last year. Congressional candidates – incumbents and challengers – raised more than $500 million for their own campaigns in 2007, according to a new analysis released by the Federal Election Commission.
After crunching the numbers, the FEC concluded that candidates running for the Senate raised $164.5 million last year, while those seeking House seats took in nearly $343 million. The 2007 House total is a 22 percent increase from 2005 – the most recent comparable year. As the FEC notes it is difficult to compare Senate data to previous election cycles because different states hold contests every two years.
The FEC looked at 102 Senate and 929 House candidates.
Read the highlights after the jump
– Comedian turned Senate candidate Al Franken raised nearly $7 million from individual contributors to lead that category;
– Senate Finance Committee Chairman Max Baucus was the top recipient of donations from political action committees and other committees taking in more than $2.1 million;
– Niki Tsongas, who won a special House election in 2007 to keep a Massachusetts seat in Democratic hands, was the top recipient of individual contributions with $2.1 million;
– House Ways and Means Committee Chairman Charles Rangel took in nearly $1.6 million from political action committees and other committees to lead that category.
Click here to see the full report: http://www.fec.gov/press/press2008/20080407candidate/20080407candidate.shtml
- CNN Political Editor Mark Preston