Denver Host Committee Falls $11.6 Million Short of Fundraising Obligation
The Denver Host Committee, under a contractual deadline to raise $40.6 million by today for the Democratic National Convention in August, has confirmed it fell $11.6 million short of that amount. So, what now?
Barack Obama has raised $265 million for his campaign so far. Will he now assist the Host Committee in obtaining contributions for the convention?
The Obama campaign has broken all political fundraising records largely by mining the Internet for small contributions, collecting some $265 million. A fundraising pitch to those donors could vastly boost the convention's fundraising, several observers said.
While the Host Committee is confident the money will be raised one way or another, Committee Co-Chair Steve Farber addressed that possibility today:
"There are discussions occurring. We could definitely use the help of the Obama campaign," said Steve Farber, a Denver lawyer and leading member of the host committee. "The fact that we have a candidate now does help."
Today in Michigan, Al Gore endorsed Sen. Obama. He even sent out an e-mail to readers of his own website asking them to contribute to Obama. [More...]
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