McCain, Obama both raised more than $21 million in May.
Obama received $21.9 million in contributions -- a substantial drop from April, when he raised $30.7 million. It was an especially steep decline from February and March, when he raised $55.4 million and $41.3 million, respectively.[. . .]
McCain, by contrast, has shown steady increases month by month, raising $21.2 million in May, $3 million more than his previous high in April. McCain also raised $2.2 million to handle legal issues for the general election.
McCain ended the month with $31.5 million in his main campaign bank account, an increase of $10 million from the month before. Obama had $43 million in the bank, down from $46 million.
Based on reports filed with the Federal Election Commission, the Republican Party is poised to act as the equalizer in the fall campaign. The RNC has vastly out-raised Democrats this year. It amassed $24.4 million in May to the DNC's $4.8 million. The RNC had $53.5 million in the bank to the Democrats' $3.9 million.
The May fundraising reports were filed Friday, the day after Obama announced he would become the first major party candidate to forgo public financing in the general election.
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