July 17, 2011
Texas Rep. Ron Paul raised more than $4.5 million in the second fundraising quarter and has more than $4 million in available cash for his Republican presidential bid.
Paul, who recently announced that he would not run for another two-year term in the House, has just over $1 million in his congressional campaign account. Federal law permits candidates to take money raised for a congressional campaign and transfer it to a presidential campaign account. Add the roughly $3 million cash on hand Paul has in his presidential account, and the Texas Republican has $4 million available for his White House bid at the midway point of 2011.
A senior campaign aide provided CNN with the data before it was filed with the Federal Election Commission. The aide noted that all of the money raised is for the primary, and he has no debt.