The Money Race
Washington Post Staff Writer
Monday, March 16, 1998; Page A19
Prepare for another big-money election year.
Fund-raising figures for 1997 compiled by the Federal Election Commission show that congressional candidates again busted previous records.
The total raised by congressional candidates last year was $233 million, up 26 percent from 1995, the previous non-election year. Senate receipts were up 44 percent to $97 million, in part reflecting races in such large states as California, New York and Ohio. Fund-raising for House races also set a record, up 16 percent to $136 million.
Twenty-four Senate candidates and seven House candidates entered the election year with more than $1 million cash on hand. The Senate field was led by New Yorkers: Republican incumbent Alfonse M. D'Amato had $9.2 million, and his challenger, Rep. Charles E. Schumer (D), had $8.5 million.
The House candidates with more than $1 million in the till included five Democratic incumbents and two Republicans.
The House challenger with the most cash on hand, New Jersey Democrat Carl Mayer, had just $506,000. He is running against freshman Rep. Mike Pappas (R).
In races for open House seats, there were only two Republicans among the top 20 contenders ranked by cash on hand. But most of those in the top tier were embroiled in primary races, including New York Democrats Noach Dear ($484,000) and Daniel L. Feldman ($175,000), contending for Schumer's seat.
Candidates who raised the most campaign money in 1997. The letter indicates whether the candidate is an incumbent or challenger or running for an open seat.
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