Marc Ambinder reports:

Sen. John McCain’s presidential campaign is in debt, again. Campaign sources say that the balance sheet reported to the Federal Election Commission on July 15 will include debts of more than $1.5M, including $700,000 owed to an e-technology firm.

In the meantime, McCain plans an aggressive late-summer / early fall schedule of fundraisers to keep money flowing to the campaign. Sources said that about $1.5M per month will be allocated to all overhead costs — staff salaries, field offices, equipment, travel — and the rest will be saved for late-cycle television advertisements.