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Is Occupy Wall Street strapped for cash?

After raising over $700,000, group says fewer donations are now coming in.

Occupy wall streetEnlarge
Demonstrators opposed to corporate profits on Wall Street march in the Financial District on September 26, 2011 in New York City. (Spencer Platt/Getty Images)

Occupy Wall Street is running out of money, according to the Wall Street Journal.

After raising over $700,000, protesters who do the accounting for Occupy Wall Street said the group now has less than half that in the bank and few donations coming in. 

"If we keep spending at the rate at which we have been doing, we will probably go broke in a month," said Haywood Carey, a member of Occupy Wall Street's accounting group.

OWS is a global protest movement against corporate greed and income inequality based in New York City's Zuccotti Park on Wall Street. The group has been in the spotlight since September when donations and support began pouring into lower Manhattan.

But on Nov. 15, the group was evicted from the park and since then cold weather has forced many protestors inside. OWS' Carey said daily operations have become more expensive following the eviction.

Some critics say OWS has lost its momentum or at least the perception it needs financial support.

Donors to the general fund have given only about $28,000 so far this month, down from about $330,000 during the first 17 days of October, according to The New York Times.

On Saturday, the group's General Assembly voted to freeze all spending on new projects but will continue funding for basics like food, housing, clothing and transportation.

As New York temperatures dipped in the last two weeks, OWS paid about $2,700 for two weeks of housing for its members at two churches.

More from GlobalPost: New Yorkers support Occupy Wall Street: poll

http://www.globalpost.com/dispatch/news/regions/americas/united-states/120117/occupy-wall-street-strapped-cash