Wednesday, March 23, 2016

Ted Cruz Fundraising Surges

Republican presidential hopeful Ted Cruz’s fundraising continued to surge in February, while donors poured cash into the super PAC backing rival candidate Marco Rubio in the weeks before he quit the presidential race.
Mr. Cruz, a Texas senator, raised nearly $12 million in February and had $8 million left to spend by the end of the month, according to filings with the Federal Election Commission, leaving him in a strong financial position. But he also raced through his cash, spending $17 million last month and depleting his war chest by $5 million from the end of January.
Mr. Cruz also has the backing of super PACs that raised more than $51 million through February.
... The candidates’ financial standings are key to their ability to try to nudge aside rivals in the coming weeks. Mr. Cruz is looking to knock Mr. Kasich out of the race and establish himself as the only alternative to Mr. Trump. Mrs. Clinton, after a sweep through five states that voted last Tuesday gave her a formidable delegate lead, is looking to clinch the Democratic nomination once and for all. ...
Read the full story HERE.

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