Sen. Ted Cruz (R-Tex.) may have had more money in the bank than any other GOP presidential candidate as the last quarter ended, according to figures released by his campaign.
Cruz's campaign raised $12.2 million last quarter, giving him a total of $26.5 million raised during the campaign so far. He will report $13.5 million in cash on hand, campaign officials told The Post, meaning he spent about 51 percent of what came in.
The total raised by Cruz falls short of the $20.2 million reported by retired neurosurgeon Ben Carson. But the burn rate — the rate at which Cruz is spending money — is low compared to many of his competitors who have released results for the most recent reporting window: Florida Sen. Marco Rubio tore through 81 percent of the money he pulled in, Ben Carson spent 64 percent of his cash and Sen. Rand Paul (Ky.) spent $2 for every $1 donated, all according to Washington Post calculations. Former Florida governor Jeb Bush has not yet released his fundraising totals for the last quarter.
(Excerpt) Read more at washingtonpost.com ...
