Money, money, money -- particularly the total collected by Democratic presidential candidate Sen. Barack Obama last quarter. That story is dominating this morning's political headlines:
• USA TODAY -- Obama smashes record: "Illinois Sen. Barack Obama raised at least $32.5 million between April and June for his White House bid, his campaign reported Sunday -- shattering the record for presidential fundraising in the first six months of the year before an election. The first-term Democrat has collected more than $58 million this year. That surpasses the $37.3 million collected during the first six months of 1999 by George W. Bush, then governor of Texas. Obama's haul for the past three months also exceeds the roughly $27 million that his top Democratic rival, New York Sen. Hillary Rodham Clinton, reported raising last week for the second-quarter fundraising period, which ended Saturday. The former first lady has raised at least $53 million through the first half of the year. She also transferred an extra $10 million from her Senate campaign fund."
• The Politico -- Dems have advantage so far: "The record-breaking sums raised by both Clinton and Obama suggest a growing Democratic financial advantage over Republicans, and also establish a growing gap between rich and poor candidates within the Democratic primary, with Obama and Clinton threatening to drown their rivals -- and, perhaps, the state of Iowa -- in paid advertisements."
• ABC News -- The number of contributors to Obama is impressive too: "Even more eye-popping is the number of contributors. So far, more than 250,000 people have given to Obama's campaign. To put that in context, Howard Dean -- whose grassroots campaign astonished the pundits -- had 280,000 contributors in all of 2003. Obama is almost there after just six months. Of course, Dean's money and supporters did not ultimately translate into votes. But for Obama, it will likely provide a shot of momentum, making it clear that he is a serious contender for the Democratic presidential nomination."
• The Washington Post -- Campaign tries to lower expectations: "Although thrilled by the financial performance, Obama's campaign yesterday sought to temper expectations with a note to supporters predicting that the candidate is unlikely to overtake Clinton in the polls before the Iowa caucuses early next year. 'One of our opponents is also the quasi-incumbent in the race, who in our belief will and should lead just about every national poll from now until the Iowa caucuses. Expect nothing different and attach no significance to it,' campaign manager David Plouffe wrote."
• The New York Times -- Campaign jumps on news: "Mr. Obama waited barely 12 hours after the fund-raising period closed to trumpet his success, a quarterly record for a Democratic candidate, hoping to depict widespread support for his campaign and to rebut suggestions that his candidacy is falling behind Mrs. Clinton's."
• Conservative Hugh Hewitt's blog at Townhall.com -- Clinton's strength: "The media will hone in on the $32-27M horse race figure. But $7 million of Hillary's total was aggressively upselling her core givers on the general (election), something no other campaign has done. The fact that only she can do that says something important about the core strength of her campaign and its ability to ultimately trample Obama."
• The liberal blog MyDD -- More money isn't all that matters: "You do have to reach a threshold to win the nomination, but more money doesn't do you any more good in Iowa. In 2003, Kerry needed just $5M the final three months of the campaign to win in Iowa."
Other political news this morning:
• Fred Thompson is now expected to announce his bid for the Republican presidential nomination some time in the next two weeks, The Washington Post reports.
• For the Thompsons, lobbying is now "a family affair," The New York Times writes.
• Republican presidential candidate Rep. Tom Tancredo of Colorado "blasted the credentials of two of his Republican rivals Sunday, calling into question Rudy Giuliani's and (Sen.) Sam Brownback's commitment to securing U.S. borders against illegal immigration," the Des Moines Register reports.
(Photo: Obama campaigning in Minnesota on June 29. By Jim Mone of the AP.)