McCain finances rejuvenated as party nomination inevitable

REPUBLICAN Senator John McCain raised nearly $12 million (€8m) in January, propelled by victories in New Hampshire and South Carolina, solidifying his place as the leading candidate for his party’s presidential nomination.

According to filings with the Federal Election Commission, McCain had $5.2m cash on hand at the start of February and $5.5m in debts, including a loan of nearly $4m.

The month marked a turnaround for the Arizona senator, whose presidential campaign had once been considered all but dead. His fundraising also sealed his decision not to accept public financing during the primary.