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Strategy Memo: Cash Money

Good Friday morning. Tuesday's All Star game was an extra-inning affair, and the Congressional baseball game was just as close. Republicans took home the trophy by an 11-10 score, with Florida Rep. Adam Putnam scoring the walk-off game winning run. Aside from bruises and a few scrapes, here's what Washington is watching:

-- The House and Senate are out of session today. President Bush is in Arizona, fundraising in Tucson for State Senate President Tim Bee, who is taking on Democratic freshman Gabrielle Giffords in the state's Eighth Congressional District. Later today, he fundraises for former congressional aide Pete Olson, who is running to oust Rep. Nick Lampson in the Texas' Twenty-Second District, just outside Houston. Bush will spend the weekend at his ranch in Crawford. Back in Washington, Defense Secretary Gates and Secretary of State Rice will welcome the president and prime minister of Kosovo.

-- Yesterday, we told you Barack Obama's campaign had raised $52 million in June and that he and the Democratic National Committee had somewhere around $72 million on hand. That meant, yet again, that national Democrats had failed to raise a significant chunk of change and still badly trailed the Republican National Committee. But it turns out Obama's number-crunchers were slightly off, and the DNC actually did have a good month in June, raising $22.4 million during the month. The RNC still outpaced Democrats by $3.6 million, but having gone from a pathetic $4.7 million in May to nearly quintupling that has to be a relief to everyone at DNC headquarters.

-- It also means the cash gap has closed significantly. Instead of a $20 million cash disparity, Obama and the DNC are now behind by just $3 million, the Los Angeles Times reports, with $92 million in the bank as compared with $95 million for John McCain and the Republicans. Still, McCain just has to send a lawyer to the Federal Election Commission to get an $84.1 million contribution, and the RNC's fundraising has been solid all year long. There remains the possibility that national Republicans could outspend national Democrats, but the DNC's good numbers this month make that a bit more remote.

-- Having dug themselves out of the financial doldrums, the DNC has finally set up its independent expenditure wing, a little more than two weeks after the RNC did the same. The Democrats' shop will be run by Jonathan Prince, former deputy campaign manager to John Edwards, and while he's legally barred from coordinating attacks on John McCain, he probably knows the style; in 2004, Prince worked with Obama strategist David Axelrod on an independent group that ran ads backing Democratic Senate candidates, the Associated Press' Jim Kuhnhenn reports. The party says they will spend more than the $118 million on independent ads they spent in 2004 backing John Kerry.

-- And in the last sign of the day that Democrats are learning lessons and picking up cues from Republicans, the party, along with Obama's campaign, have set up joint fundraising programs with eighteen competitive states, allowing one person's $28,500 check to be divided between several organizations. As Bush fundraises for Bee and Olson today, he'll also be raising money for the Arizona and Texas state parties. Now, Obama's doing the same. Typical swing states like Ohio and Florida join Obama's more out-there hopes like North Dakota and Alaska to form the basis of what could be a very interesting map in November.

-- Meanwhile, Obama is getting set for his first major overseas trip as the presumptive Democratic nominee, a few months after McCain made his own Middle East and European swing. Next week, Obama will travel to Israel and the Palestinian Territories, as well as to Iraq and Afghanistan, followed by stops in Germany and the United Kingdom, a trip that's going to bring him coverage unprecedented for a nominee, as all three network news anchors will go with him for interviews. Joined by Iraq war foes Chuck Hagel and Jack Reed, Obama barely has to do anything in the war zone to make the front page of every paper in the country. (The trip is already getting good coverage. Check out the New York Times' primer on Obama's foreign policy team)

-- McCain, on the other hand, is balancing his critiques of Obama's trip delicately. On one hand, McCain spent yesterday praising Obama for going to Iraq, in a backhanded sort of way, after not being there for 900 days or so. On the other, McCain communications director Jill Hazelbaker said yesterday that many of the European aspects of the trip amounted to little more than an overseas campaign rally, per the Times' Larry Rohter. Watch Republicans criticize Obama for setting policies on Iraq before visiting, but aside from that, next week's news looks set to be dominated by Obamania abroad.

-- Irritants Of The Day: The State Department's only diplomatic post with a legislative liaison unit, the Washington Post reports this morning, is in Baghdad, and at times the Iraqi embassy can be overrun by obnoxious lawmakers who put their feet in their mouths. Whether it's a member of Congress asking a mosque administrator where he went to church, or others demanding audiences with Grand Ayatollah Ali Sistani or Moqtada al Sadr, frequent Congressional delegations can be a bit of a pain in the rear for an otherwise very busy embassy.

-- Today On The Trail: McCain is still in Michigan, where he will hold a town hall meeting early this morning in Warren, just north of Detroit, and will tour a General Motors plant in the city. It's been a profitable trip; McCain raised $1.4 million at a fundraiser yesterday, the Detroit News reports. Later tonight, McCain will make his third appearance on Late Night with Conan O'Brien. Obama has no public events planned today.