Monday, July 02, 2007

McCain's Toast

WASHINGTON (Reuters) - Sen. John McCain's presidential campaign lagged in raising money in the past three months, prompting staff reductions and pay cuts, McCain's campaign announced on Monday.

McCain's campaign manager, Terry Nelson, told reporters that the Arizona Republican's campaign raised $11.2 million in the past three months, compared to $13.6 million in the first quarter.

He blamed the negative environment among Republican faithful in particular on McCain's support for an immigration overhaul proposal that was cut down in the Senate last week.

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