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Romney Raises $6.5 million in January, Besting GOP Rivals But Not Obama Romney Raises $6.5 million in January, Besting GOP Rivals But Not Obam...

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The Trail: 2012 Presidential News from the Field / Campaign 2012

Romney Raises $6.5 million in January, Besting GOP Rivals But Not Obama

Gingrich raised $5.6 million last month, Santorum and Paul $4.5 million each.

February 20, 2012

Mitt Romney raised $6.5 million in January, the campaign announced Monday. That was less than the $11.8 million raised by President Obama but more than the totals reported by his three remaining rivals.

Former House speaker Newt Gingrich's campaign told reporters he had raised $5.6 million in January and had $1.8 million in cash on hand. Former Pennsylvania senator Rick Santorum raised $4.5 million, according to his Federal Election Commission report. Texas Rep. Ron Paul raised the same amount, according to The Washington Post.

Romney's campaign reported nearly $7.7 million cash on hand and no debts. National Finance Chairman Spencer Zwick said the campaign has exceeded its fundraising goals. "We are the only campaign who has the organization and resources to go the distance of a long primary process. We know there is a long road ahead and we will remain steady,” Zwick said in a statement.

 

Santorum's January take amounted to about two-thirds of his money raised to date. He had nearly $1.5 million on hand at the end of January and was nearly $1 million in debt, his FEC report showed.

Obama's total dwarfed the money raised by the GOP contenders, but fell far short of the $36.8 million he raised in January 2008.

The Romney campaign said in a statement that it owes no money and has accepted only primary campaign contributions. Romney, a former Massachusetts governor with wealth of $150 million to $250 million, has not made any personal loans or contributions to his campaign, the statement said.

Correction: This story initially misstated the amount of Santorum's cash on hand.

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