I guess I heard it wrong. I thought Obama/democrats had McCain/republicans outclassed when it came to donations. What happened? Report, after report, after report I read in recent months had Obama breaking records, and McCain bottoming out. And now they’re running neck and neck? What did I miss?

McCain closes the cash gap against Obama

For the first time in the campaign, Republican John McCain in May raised about the same amount of money, $22 million, as Democrat Barack Obama.

McCain also closed the gap in the amount of cash the two parties’ presumptive presidential nominees have in the bank at their respective disposals as they enter the first phase of the general election.

McCain reported having about $32 million in cash for primary-related expenses at the end of May.

Obama reported having $43 million in hand at the start of June — but about $10 million of that is dedicated to the general election.