Campaign manager Rick Davis just told reporters that McCain raised $27 million in July and had $21.4 million in cash on hand at the end of the month.
MORE: Davis says the RNC raised $26 million in July and has $75 million in cash on hand.
STILL MORE: As far as the campaign’s money is concerned, Davis stresses that since McCain is accepting federal funds, he will have to spend all his primary-season money by the time he gets the money next month. “We are definitely on a decline curve where we will be spending more than we are raising now,” Davis said.