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Tuesday, 8th April 2008

Congressional Campaigns Raise $507 Million in 2007

Congressional Campaigns Raise $507 Million in 2007
Source: Federal Election Commission

Congressional campaign receipts totaled $507.3 million in 2007, an increase of eight percent when compared to 2005, according to year-end reports summarized by the Federal Election Commission (FEC).

Senate candidates raised $164.5 million in 2007, down 14 percent from 2005 levels. During 2007, Senate candidates reported expenditures of $57.9 million, down from $69.8 million spent during 2005, ending 2007 with a cash balance of $144.3 million.

Comparing Senate races between election cycles is problematic because states hold Senate elections in different years. Many states holding Senate elections in 2008 have smaller populations that often result in lower campaign contributions. Six years ago when these same Senate seats were up for election, candidates raised $93.8 million during the year before the election year.

Candidates for the U.S. House of Representatives raised $342.8 million during 2007, an increase of 22 percent from 2005 levels. These campaigns spent $186 million, 26 percent more than 2005. They entered the election year with cash-on-hand of $296.6 million, up from the $282.7 million reported at the end of 2005.

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