McCain Camp: Raised $27-Million in July

ABC News' Ron Claiborne reports: Rick Davis, John McCain's presidential campaign manager, reported today that the McCain campaign raised $27 million in July, his largest one-month fundraising haul since clinching the Republican presidential nomination.

Davis said it was the fifth consecutive month of increased monthly donations.

Davis reported that the campaign had $21.4 million cash-on-hand at the end of July. Nearly 600,000 people donated to the campaign last month, he said.

"We have enough money ... to prosecute a very active campaign in the month of August," Davis said.

He said that the combination of campaign funds, Republican National Committee funds and the approximately $84 million in public financing money would total about $100 million as of the first week of September.

McCain's ability to pull in funds has been far below his Democratic rival's, Sen. Barack Obama, D-Ill.  Obama raised about $52 million in June, and has declined public financing, which limits the amount of money candidates can spend in the general election.

However, McCain's fundraising has picked up steam recently. He raised about $21 million in June, and has surpassed his previous month's total five times in a row.

The Obama campaign has yet to announce their fundraising totals for July.

The presidential campaigns are required to provide the Federal Election Commission with an update of their fundraising and spending through July by Wednesday, August 20.

For more 2008 presidential election coverage, click on ABC News' Political Radar blog.

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