Obama: Stimulus Could Grow To Over $1 Trillion
Barack Obama told CNBC that his stimulus package potentially could grow well beyond its initial target of $775 billion. "We've seen ranges from $800 (billion) to $1.3 trillion," said Obama. "And our attitude was that given the legislative process, if we start towards the low end of that, we'll see how it develops."

Obama Delivering Economic Speech Today
Barack Obama is delivering his big economic speech at 11 a.m. ET this morning in Fairfax, Virginia. Obama will make the case that his stimulus is absolutely necessary, while also promising efficiency and accountability.

Obama Rolling Out Tim Kaine For DNC Chairman
Barack Obama and Tim Kaine will be holding a 3:30 p.m. ET press conference at the Democratic National Committee headquarters, obviously the official announcement of Kaine as the next chairman of the DNC. Kaine was elected governor of Virginia 2005, endorsed Obama's presidential candidacy very early on in 2007, and did a lot of work to help turn Virginia blue this past November.

Burris Testifying To Impeachment Panel
Roland Burris is scheduled to testify today before the Illinois House's special committee to impeach Rod Blagojevich. Burris' job here is to make it clear that even if there are allegations that Blago tried to sell the Senate seat, there were nevertheless no shenanigans in the actual selection of Burris himself.

Daschle Up For Confirmation Hearing Today
Tom Daschle is scheduled to appear today before the Senate Health, Education, Labor and Pensions Committee, the first Obama cabinet nominee to face a confirmation hearing. Daschle's nomination is likely to get through the Senate very easily.

Congress To Officially Certify Obama's Victory Today
Congress will count the electoral votes today, officially certifying Barack Obama's win and bringing the 2008 presidential election to an end.

Obama Site Getting Questions About Bush Administration's Torture Policies
The New York Times reports that the Obama transition team's "Open for Questions" site has received heavy support in favor of one particular subject: Whether the Obama Administration will appoint a special prosecutor to investigate George W. Bush and other officials for policies such as torture. This comes after liberal blogs endorsed the question and asked readers to vote for it.

Cheney Expects Total Retirement From Public Life
In an interview with CBS radio, Dick Cheney said he expects to fully retire from public life after he leaves office. "I've got a lot of rivers to fish," said Cheney. "So I don't think anybody will feel sorry for me. They shouldn't."

We now know that the Obama campaign and the DNC had a very good fundraising month for June, banking a total of $92 million in cash on hand -- putting them very close to the $102 million that John McCain and the GOP have between them.

But the more important long-term question is this: Which team is now raising money at a faster rate? What does the overall picture tell us about what things will look like later this fall?

We took a close look at the last six months of numbers, and here's our conclusion: Though the GOP got a big, big head start in fundraising while the Dems were still duking it out, the June fundraising numbers leave little doubt that the Dems are on track to vastly outpace the Republicans -- meaning the Dem team is almost certain to overtake the collective Republican machine in cash on hand by as soon as next month.

Read more »

The Democratic National Committee raised $22, 481,194 in June, spokesperson Karen Finney says.

The DNC's cash on hand total $20, 306,056.

That puts the total combined Obama and DNC cash in the bank at over $92 million -- very competitive with the GOP/McCain total of nearly $100 million.

Late Update: Our pal Instaputz has a good point about the faulty media coverage of Obama's fundraising.