A week after presidential candidates announced their fund raising hauls, it's becoming clear that the biggest story of all may be that Democrats have "erased the decades-long Republican edge in campaign fund-raising, building a network of well-off donors that rivals that of the GOP -- and that recently has generated more cash," reports Rick Klein at the Boston Globe. Democrats are closing in on the GOP among voters with annual household incomes of more than $100,000 and using the Internet to reach a new crop of contributors.

Sen. Barack Obama has been the main beneficiary of the new Democratic edge and seeks to build on his recent money success by luring hundreds of prominent New York Democrats, "including many longtime boosters" of Sen. Hillary Clinton, the New York Post's Ian Bishop reports.

The Los Angeles Times' Mark Z. Barabak writes that Clinton and Sen. John McCain lost their frontrunner statuses partially on the basis of fundraising upsets by their rivals, which "dispelled the air of inevitability that the putative favorites…spent years trying to create." However, the race on both sides remains wide-open because of doubts surrounding each potential frontrunner and uncertainty about the primary schedule and surprise candidate entries.

One such potential candidate, Fred Thompson, is endangering his White House chances the longer he waits because of the accelerated campaign, writes Christopher Cooper at the Wall Street Journal. Thompson is far from hopeless though with the backing of seasoned Tennessee Republicans who've worked in national politics.

Not to be forgotten, Democrats John Edwards is adding to his campaign while Gov. Bill Richardson adds to his resume. Richardson begins a rare visit to North Korea today to recover the remains of American war dead from the Korean War. Meanwhile, Edwards is betting on unions to open their checkbooks and lace up their boots to help his campaign and he's also banking on their votes in the union-heavy Nevada and Iowa caucuses, Bloomberg's Heidi Przybyla reports. Edwards has also picked up fundraising prodigy Zeke Stokes who will bring cash in from South Carolina and other early Southern primary states.

Find the rest of today's elections news at RCP's Politics and Elections page.