The senator's cash-strapped campaign spent weeks last summer and fall in the run-up to the primaries with a negative balance. His campaign reported a total of roughly $37 million in contributions between October 2006 and the end of 2007.
SOURCE: Analysis of Federal Election Commission filings by Sarah Cohen -The Washington Post | The Washington Post - February 01, 2008
With Crucial Loan, McCain Put His Bid Back in the Black Article | By last November, John McCain's presidential campaign was broke. To survive, he offered his fundraising lists as collateral for a $3 million line of credit from a local bank. But obtaining the loan required an unusual extra step: He had to take out a special life insurance policy in case he did n...