McCain's Cash Crunch

After a second lackluster fundrasing quarter, the onetime frontrunner is struggling to keep his campaign above water

It wasn't so long ago that the candidate who appeared to have laid out a straightforward path for himself to reach the 2008 Republican nomination was John McCain. With the Republican establishment climbing aboard the Straight Talk Express, his campaign budgeted for a $100 million race, in which it would hire all the party's top talent and contend vigorously across the map.

Now, having posted a second lackluster fund-raising quarter and with only $2 million in the bank, the once presumptive front runner's campaign finds itself struggling to survive. The operation is laying off staffers by the dozen and slashing the...

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