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. Last Updated: 07/27/2016

Obama Upsets Clinton In Primary Fundraising

WASHINGTON -- U.S. Senator Hillary Clinton banked a daunting $24 million for the Democratic presidential campaign at the end of the first quarter, while rival Senator Barack Obama managed to outraise her in a display of fundraising prowess.

Clinton raised $19 million for the primary election, trailing Obama, who collected $24.8 million in donations for the primary.

Obama reported $18.2 million cash on hand for the primary, keeping him at Clinton's heels as the presidential campaign enters a more intense second quarter.

The first-quarter financial reports established Clinton and Obama as the undisputed money leaders of the Democratic field. The reports also show that as a group, Democratic presidential candidates outraised Republicans by a margin of eight to five.

John Edwards, the Democrats' vice presidential nominee in 2004, established himself as a likely alternative to Clinton and Obama by raising $13 million for the primary and reporting $9.8 million in the bank at the end of the quarter.

Clinton was able to boost her cash on hand with a $10 million transfer from her Senate campaign account, money left over from her easy Senate victory last year.

Both she and Obama spent similar amounts during the quarter and were thriftier than Republican candidates Mitt Romney and John McCain, the two biggest spenders in the presidential contest so far.

Among Republicans who filed earlier than Sunday's deadline, Romney, a former Massachusetts governor, was the fundraising leader, with $20.7 million in donations. But Rudy Giuliani, a former New York mayor, stayed even with him with cash on hand. Both have more than $10 million in the bank.

Senator McCain, meanwhile, who has been perceived as an early leader, had half as much money in the bank as each of his two main rivals and had a $1.8 million debt.

The figures are early barometers of a candidate's fundraising base and organizational strength. So far, candidates are on a record-setting pace for fundraising and spending.

For the first time since changes in campaign finance law in the 1970s, many candidates are considering bypassing public money in the general election and are raising money for that cycle as well.

On that front, Clinton leads the way, raising $6.9 million, a sum that must be kept separate and cannot be touched unless she wins her party's nomination. Obama and Edwards both raised $1 million for the general election.