News
2007-07-04
Giuliani, Romney
campaigns close in second-quarter fund-raising
Republican
presidential hopeful Rudy Giuliani raised $15 million in
primary election contributions from April through Jun
Republican
presidential hopeful Rudy Giuliani raised $15 million in
primary election contributions from April through June,
while rival Mitt Romney raised $14 million in the
second quarter and added $6.5 million from his
personal wealth, the Associated Press reports.
Giuliani also
raised $2 million earmarked for the general election,
should he win the Republican nomination. In the first
quarter he raised $15 million for the primary season
and $1 million for the general election.
Romney's
fund-raising fell short of his first quarter, when he raised
$20.6 million and lent himself $2.35 million. His campaign
reported $12 million cash on hand, equal to the amount
he had in the bank at the end of the first quarter.
Aides said the campaign also boosted its number of
donors from 32,000 in the first quarter to 80,000 for the
first six months of the year.
Giuliani, the
gay-friendly former mayor of New York City, and Romney,
the former Massachusetts governor and a foe of the
state's same-sex marriage law, both surpassed rival
John McCain, who reported $11.2 million raised during
the second quarter but only $2 million cash on
hand. McCain reported having 72,000 donors overall.
Romney is the
wealthiest candidate in the entire presidential field, with
assets estimated at between $190 million and $250 million.
His total stake in the campaign now is $8.85 million.
As the least
known of the leading Republican candidates, Romney has tried
to boost his name recognition with television ads,
representing at least $4 million in spending during
the first six months of the year. The ads have helped
increase his standing in public opinion polls.
Romney's total
revenue for the year, including his loans, is nearly $44
million. He has spent about $32 million.
Details of his
fund-raising and spending, as well as that of other
presidential candidates, won't be apparent until they file
extensive finance reports with the Federal Election
Commission by mid July.
Romney is not the
only one to suffer a lag in fund-raising. McCain lost
ground in the second quarter as well, forcing him to
restructure his campaign and consider accepting public
financing for the primaries. But Romney remains in a
relatively strong position with his cash on hand and
his growing donor base, which the campaign had set as a goal
at the end of the first three months. (The
Advocate)
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