President-elect Barack Obama brought in nearly $750 million for his presidential campaign, a record amount that exceeds what all of the candidates combined collected in private donations in the previous race for the White House, according to a report filed Thursday with the Federal Election Commission.
Underscoring the success of his fund-raising, Mr. Obama reported that he had nearly $30 million in the bank as of Nov. 24, despite spending furiously at the end of his campaign.
Mr. Obama, who became the first major-party nominee to bypass public financing since the system began in the 1970s, spent more than $136 million from Oct. 16 to Nov. 24, the period covered in the report. By comparison, his Republican opponent, Senator John McCain, who was limited to the $84 million allotted to him from the Treasury under public financing, spent $26.5 million during that time, according to his latest campaign finance report. Although Mr. McCain had $4 million left over, he had $4.9 million in debt, the report said.
Mr. Obama reported taking in $104 million in contributions. Assuming most of that money came in before Election Day, Nov. 4, it appears his fund-raising stepped up significantly as the campaign drew to a close. In the first half of October, he raised just $36 million.
An exact figure is difficult to calculate because of vagaries in the way fund-raising numbers are reported. But it appears that Mr. Obama raised over $300 million for the general election alone — more than triple what Mr. McCain had at his disposal from public financing.