Republican presidential candidate Sen. John McCain, R-Ariz., answers question during an Associated Press interview in New York, Saturday, July 19, 2008.
Associated Press Writer
(Published: July 20, 2008)
Faced with a spending cap for his fall campaign, Republican presidential candidate John McCain is aggressively spending more money than he is raising during summer months and methodically reducing his cash reserves.
McCain raised more than $21 million in June and spent nearly $26 million, the campaign reported Friday night. McCain eroded his cash on hand, ending the month with $27 million in the bank. He began the month with $31.6 million in hand.
