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Schwarzenegger Campaign Coffers Nearly Empty Ahead Of Election

Sacramento, CA — After spending more than $44 million in last year´s special election, Governor Arnold Schwarzenegger´s re-election committee began 2006 in the red.

Campaign statements filed late yesterday show Schwarzenegger raised $2.5 million in 2005 for his re-election campaign, but spent $3 million.

In contrast, the two leading Democrats looking to challenge Schwarzenegger in November are flush with cash. State Treasurer Phil Angelides reported cash of $17 million, while state Controller Steve Westly has about $24 million.