WASHINGTON (AP) — The Democratic National Committee is close to its goal of raising about $16 million to help the party's presidential nominee. Its Republican rival has enough in the bank to spend millions supporting President Bush.
The DNC raised $5.7 million and spent $2.8 million last month, starting February with $13.8 million in the bank, a campaign finance report filed with the Federal Election Commission shows.
The Republican National Committee finished January with $39.4 million on hand after collecting $14.3 million and spending $8 million during the month, its report shows.
The two national committees can each use roughly $16 million on ads and other spending directly supporting their presidential nominees this year. The Federal Election Commission will decide over the next few months, based on cost-of-living increases, exactly how much the pair can spend in coordination with their nominees.
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