Campaign Reports to Offer First Look at GOP Field

Saturday, 15 Oct 2011 08:02 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

WASHINGTON — With one year left in the race for the White House, a handful of presidential candidates are planning to file key disclosure reports Saturday that will offer the first major picture into the financial health of all Republican campaigns.

The financial reports are expected to show how flush the GOP candidates are with cash — or how nearly broke they are — heading into the final weeks before contests in key primary states.

Two of the top Republican contenders, former Massachusetts Gov. Mitt Romney and Texas Gov. Rick Perry, have brought in more than $30 million combined. Meanwhile, candidates like Minnesota Rep. Michele Bachmann and businessman Herman Cain are expected to bring in less than that.

The new reports will reveal the campaigns' major donors, where money has been spent since July and if the candidate took out any loans to finance what is likely to become a costly presidential election.

Reports on two of the biggest money-raisers so far — Romney and President Barack Obama — reveal millions in contributions from party devotees and small-dollar donors alike.

At the same time, reports filed late Friday offered a mixed picture of the campaign field, with Obama raising more than $70 million between his campaign and the Democratic Party. Some candidates are saddled with debt, such as former Utah Gov. Jon Huntsman and former candidate Tim Pawlenty, who both owe hundreds of thousands of dollars.

Perry, Bachman and Cain have until 11:59 p.m. EDT Saturday to file their first presidential campaign reports with the Federal Election Commission.

Cain's campaign said in a statement released late Friday that it had raised more than $2.8 million during the three months that ended Sept. 30 and had no debt.

____

Follow Jack Gillum at http://twitter.com/jackgillum

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Rep. Mike Kelly Offers Obama 'Lump of Coal for Christmas'

Saturday, 20 Dec 2014 07:50 AM

All forms of energy in the United States should be developed to spur job creation and economic growth, Pennsylvania Repu . . .

Politico: Obama May Give Dems 80 Percent of 2016 Latino Vote

Friday, 19 Dec 2014 19:18 PM

President Barack Obama may be on track to helping deliver as much as 80 percent of Latino voters to the 2016 Democratic  . . .

Obama Appointee's Group Accused of Illegal Politicking

Friday, 19 Dec 2014 19:09 PM

A nonprofit group run by an Obama administration appointee may have supported Democratic mayoral candidates in Californi . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved