Monday, February 22, 2016

Ted Cruz and Donald Trump Have Deepest Pockets Ahead of ‘Super Tuesday’

A seven-month, $220 million surge of spending on behalf of mainstream Republican candidates has yielded a primary battle dominated by Donald J. Trump and Senator Ted Cruz of Texas, two candidates reviled by most of the party’s leading donors.
Now, as they approach a pivotal and expensive stage of the campaign, the two insurgent candidates — who have won the first three contests — appear to be in the best position financially to compete in the twelve states that will vote on “Super Tuesday,” according to reports filed with the Federal Election Commission on Saturday.
Mr. Cruz is the best financed candidate in the Republican race, beginning February with $13.6 million in cash on hand. Mr. Trump, a billionaire, has raised millions of dollars from small donors and lent himself millions more, including nearly $5 million in January, a month in which he paid out more than $11.5 million, the most sustained spending of his presidential bid so far.
The outcome is a rebuke to the party’s traditional donor class, which poured record-breaking amounts of money into the race last spring and summer in the hopes of grooming a nominee with broad national appeal and a chance at winning over more Hispanic and other non-white voters. Instead, the candidates backed most lavishly by wealthy establishment-leaning Republican donors burned through much of the cash they accumulated last year, beginning the month deeply depleted. Those remaining in the race on Sunday, Gov. John Kasich of Ohio and Senator Marco Rubio of Florida, had less than $7 million in cash between them.
Read the rest of the story HERE.

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