Could it be:

Sen. John McCain’s campaign has raised only $3.7 million to date for the third quarter, an influential friend of the Arizona Republican has told The Washington Times.

“The hope was to reach $4.5 million, about a third of what was raised in the ‘disastrous’ second quarter,” the McCain supporter told Ralph Z. Hallow, who will report the story in Friday’s editions of The Times.

Speaking on the condition of anonymity to protect his relationship with the senator, the friend said: “Those are gross numbers, not net. Plus the campaign is carrying $2.5 to $3 million in debt. [He's] done for.”

$3.7 million is dismal for what used to be a top-tier campaign.

Stay tuned for further information!

Update

Not shocking. Remember the previous report we posted June 25th, 2007 which stated that McCain could be out of the race in the fall:

The former presidential front-runner, John McCain, may drop out of the 2008 race by September if his fundraising dries up and his poll ratings continue to drop, according to Republican insiders.

If McCain is dropping out, it will be coming sometime soon in my opinion. His failure in fund raising is the final nail in the coffin. Also, I can’t see any possible way his numbers can improve. Much of his support left him and went to Fred Thompson and others who didn’t vehemently argue for shamnesty. His campaign’s in debt and bleeding cash on a daily basis. Remember, staffers and consultants will only stay so long if they aren’t getting paid.

Standby for further developments…