His campaign reported $3.4M on hand with a debt of $1.7M. But it also reported raising a total of $1.8M toward the general election.
That means that McCain’s campaign has no cash on hand — in fact, even with the general election money factored in, it owes about $94,000. It is, in other words, bankrupt.
Its $1.7M debt, incidentally, comes from rent that is owed, an American Express bill that is overdue, and finance payments on computers.
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