More Than Half of Bush Coffers Spent

[GreenPartyVoter]

WASHINGTON (AP) - President Bush has spent seven of every $10 he has raised for his re-election campaign, more than half of it on television ads, and is asking supporters for more money.

Bush has collected at least $218 million since he began fund raising in May 2003, easily outpacing Democratic rival John Kerry. But Kerry raised about $25 million to Bush's $13 million in May as the president scaled back his record-setting drive to hold fund-raisers for other Republicans.

Bush spent about $152 million through May and began this month with $63 million in the bank. His campaign filed its monthly finance report Friday with the Federal Election Commission.

By the end of this month, Bush and Kerry together will have spent more than $140 million since March on television ads. Bush will have spent more than $80 million and Kerry more than $60 million.

http://apnews1.iwon.com/article/20040619/D839R6LO0.html

[many a good man]

1. Questions

The article says Bush*
* has raised $218 million
* spent $152 million ($80 million on tv)
* has $63 million in the bank

Kerry:
* has raised $140 million
* spent $??? ($60 million on tv)
* $??? in bank

Kerry campaign said to release update covering May tomorrow. Can it be possible Kerry has more $$$ in the bank than Bush*?

Question about raising and spending after the convention:

Bush will reach $250 million by the time his party nominates him in early September. At that point, he will accept full government financing for his general-election campaign and can use private money only for a fund that covers legal and accounting costs.

I assume this means:
1) candidate can't touch left over money from the primary season
2) can only use federal funds
3) can only use primary $$$ for legal/accounting

Is this right? Or is it true that starting after the convention:
1) candidate can spend everything left in the coffers from the primary fund raising together with the $$$ from public financing in the general election
2) after the nomination, candidates can only raise $$$ to cover legal and accounting costs.