First Read reports that former Sen. John Edwards, who recently announced he would accept federal matching funds, isn't doing too badly -- he raised $7 million in the 3rd Quarter, with $12 million cash on hand. They have the potential to earn another $10 million from matching funds.

The campaign has maintained a goal of $40 million raised this year, and with more than $30 million picked up so far, they remain on track. Still, when Sen. Barack Obama has about $75 million and Sen. Hillary Clinton is likely to come in somewhere near that, Edwards' competitiveness in the primary remains a question.