McCains report more than $100,000 in credit card debt

Sen. John McCain (R-Ariz.) and his wife reported more than $100,000 of credit card liabilities, according to financial disclosure documents released Friday.

The presidential candidate and his wife Cindy reported piling up debt on a charge card between $10,000 and $15,000. His wife’s solo charge card has between $100,000 and $250,000 in debt to American Express.

{mosads}McCain's wife also has a second American Express charge card listed on the senator's financial disclosure that was carrying $100,000 to $250,000 in debt. 

Another charge card with American Express, this one for a “dependent child,” is carrying debt in the range of $15,000 and $50,000.

Cindy McCain reported a wealth of assets, including properties in Arizona and one she sold in La Jolla, Calif. for more than $1 million in profit.

In addition to his Senate salary, McCain received an annual pension from the U.S. Navy that is worth more than $58,000.

Democratic candidate, Sen. Barack Obama (D-Ill.), reported no liabilities in his annual financial disclosures.

Obama reported $4.1 million in book royalties, while McCain reported $176,508, which the Republican said was donated to charity.

In 2005, Obama received an advance of $1.9 million from Random House Inc. for his book The Audacity of Hope. Obama said $200,000 of that advance went to charity.

Obama’s wife, Michelle, reported over $1,000 in income from her work at Tree House Foods and University of Chicago hospitals. The documents did not require her to be more specific about her income. Michelle Obama resigned from Tree House Foods in May 2007 because of its business dealings with Wal-Mart.

Obama reported between $50,001 and $100,000 in pensions from his work as an Illinois state legislator, and reported earning between $15,000 and $50,000 in interest from a money market fund.

Obama reported college savings of $100,000 and $250,000 for each of his two daughters.

In May 2007, Obama invested between $1 million and $5 million in a Northern Municipal money market fund, and divested between $500,000 and $1 million in July 2007 from that account. Obama purchased up to $1 million in U.S. Treasury notes last July.

Sen. Hillary Rodham Clinton (D-N.Y.), who dropped out of the race this month, was granted an extension and does not have to file her documents until June 30.