Wednesday, February 01, 2012

Factbox: Spending and fundraising for the presidential race

By Alina Selyukh and Alexander Cohen
WASHINGTON (Reuters) - Presidential campaigns and political action committees, or PACs, filed financial reports Tuesday that showed how much they had raised and spent as of December 31.
The filings to the Federal Election Commission will offer a snapshot of how "Super PACs," which operate independently from campaigns. Unlike the campaigns, Super PACs can raise unlimited amounts from individuals, corporations and unions. Campaigns are limited to donations of $2,500 from individuals.
Below are highlights from the FEC filings as of 8:15 p.m. EST (0115 GMT) Tuesday, which include most of the presidential candidates and a few of the Super PACs. Others were expected to file by midnight:
CAMPAIGNS:

President Barack Obama (Democrat)
Raised: $96.9 million
Received from the fund feeding both the campaign and the Democratic Party: $32.9 million
Spent: $105.9 million
Cash on hand: $81.8 million
Debt: $3 million
Mitt Romney (Republican)
Raised: $56.8 million
Spent: $36.6 million
Cash on hand: $19.9 million
Newt Gingrich (Republican)
Raised: $12.7 million
Spent: $10.7 million
Cash on hand: $2.1 million
Debt: $1.2 million
Rick Perry (Republican; ended campaign on January 19)
Raised: $19.8 million
Spent: $16 million
Cash on hand: $3.8 million
Debt: $93,745
Jon Huntsman (Republican; ended campaign on January 16)
Raised: $3.3 million
Spent: $5.4 million
Cash on hand: $110,965
Debt: $3.8 million
SUPER PACS:
MAKE US GREAT AGAIN, the Super PAC supporting Perry
Raised: $5.5 million
Spent: $1.1 million
Cash on hand: $604,472
Contran Corp, whose billionaire CEO Harold Simmons is one of Perry's biggest supporters, donated $1 million to this Super PAC. Chesapeake Energy Corp's political donations arm and the corporation itself in total contributed $250,000 to the PAC.
Other top donors include billionaire homebuilder Bob Perry; billionaire Darwin Deason, who sold his computer services company to Xerox; Western Refining chairman Paul Foster; Sanderson Farms Inc. chairman Joe Sanderson Jr.; and Robert McNair, the owner of Houston Texans National Football League team.
ENDORSE LIBERTY, a Super PAC supporting Ron Paul
Raised: $1 million*
Spent: $392,225
Cash on hard: $1 million
Donors include PayPal co-founders Peter Thiel and Luke Nosek, and Scott Banister, an early adviser and board member. Thiel is a billionaire venture capitalist and the first outside investor in Facebook.
*Endorse Liberty said Tuesday it has raised $3.9 million in total, accounting for donations filed in 2012
OUR DESTINY, the Super PAC supporting Jon Huntsman
Raised: $2.7 million
Spent: $2.6 million
Cash on hand: $126,586
The candidate's father, Jon Huntsman Sr., a billionaire industrialist, donated $1.9 million to the PAC. Other big donors included billionaires Jim and Christy Walton, son and daughter-in-law of Wal-Mart founder Sam Walton; C. Boyden Gray, former U.S. diplomat under President George W. Bush; and businessman and former U.S. Ambassador Nicholas Taubman.
(Additional reporting by Jeff Mason and Kim Dixon; Editing by David Lindsey and Doina Chiacu)

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