Archive for the ‘Debt’ Category

WASHINGTON – John McCain, who ended the year with a $4.5 million debt, plans six coast-to-coast fundraisers in three days to capitalize on his Florida victory and front-runner status and build on the $7 million he raised in the first three weeks of January.

McCain’s end-of-year financial reports, filed late Tuesday with the Federal Election Commission, showed he raised $6.7 million during the last three months of 2007 and had $3 million cash in hand, not counting end-of-year debt.

He also got a significant boost from a $3 million line of credit from Fidelity Bank & Trust, a loan he secured in November as he prepared to mount a campaign-salvaging stand in New Hampshire.


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