Raleigh News and Observer

Lt. Gov. Beverly Perdue and state Treasurer Richard Moore, the two leading candidates for the 2008 Democratic nomination for governor, have built campaign war chests totaling $8.4 million. But they've been tapping different sources for their fundraising, and the race is shaping up as an unusual one: Wall Street versus the good old boys. Perdue, who has yet to formally announce her candidacy, has raised $4.2 million so far and had $3.4 million on hand as of June 30, according to filings with the State Board of Elections. And the Democratic money dwarfs the funds raised by the three Republican gubernatorial candidates: Salisbury lawyer Bill Graham, former N.C. Supreme Court Justice Bob Orr and Sen. Fred Smith. Combined, the three have raised $486,000.