April 1st, 2007
05:38 PM ET
10 years ago

Edwards campaign raises $14 million


WASHINGTON (CNN) - Former Sen. John Edwards, D-North Carolina, has raised over $14 million for his bid for the 2008 Democratic presidential nomination, his campaign announced Sunday. Roughly $1 million of this total has been earmarked for the general election.

"We're significantly above our budget for the year. We're completely on track to have all the money that we need to be highly competitive in the campaign," said Jonathan Prince, Edwards' deputy campaign manager. "That's what we care about. We want to make sure we have what we need to compete, and we absolutely do. More than we thought we would."

Almost $3.3 million of the $14 million total was raised from over 37,000 contributions made over the Internet, Prince said.

The Edwards campaign exceeded its $10 million fundraising goal for the first quarter of 2007, according to Jennifer Swanson, the campaign's finance director, and nearly doubled the amount the senator raised at this point four years ago in his failed bid for the 2004 Democratic presidential nomination.

By the end of March 2003, Edwards had raised $7.4 million, enough to lead the Democratic presidential field at the time. That honor this year will likely go to Sen. Hillary Clinton, D-New York, whose campaign announced Sunday afternoon that it had raised $26 million in contributions, a record for a Democratic candidate in the year before the election. Clinton also transferred $10 million from her 2006 Senate re-election campaign for a total first-quarter haul of $36 million.

The Edwards campaign said it did not yet know how much cash-on-hand it had available as of the end of March.

All current presidential campaigns must report their fundraising and spending activity for the first three months of the year to the Federal Election Commission by April 15.

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