Monday 17 October 2011

Campaign reports to offer first look at GOP field

FILE - In this Oct. 11, 2011 file photo, Republican presidential candidate former Massachusetts Gov. Mitt Romney speaks during a Republican presidential debate at Dartmouth College in Hanover, N.H., Republicans Mitt Romney and Rick Perry are neck and neck in filling their presidential campaign coffers after a summer of strong fundraising amid voter anger over jobs and the economy. They're pulling in big bucks, $30 million combined, though not nearly as big as the man they hope to replace in the White House. (AP Photo/Daniel Acker, Pool, File)

FILE - In this Oct. 11, 2011 file photo, Republican presidential candidate former Massachusetts Gov. Mitt Romney speaks during a Republican presidential debate at Dartmouth College in Hanover, N.H., Republicans Mitt Romney and Rick Perry are neck and neck in filling their presidential campaign coffers after a summer of strong fundraising amid voter anger over jobs and the economy. They're pulling in big bucks, $30 million combined, though not nearly as big as the man they hope to replace in the White House. (AP Photo/Daniel Acker, Pool, File)

In this Oct. 12, 2011 file photo, Republican presidential candidate Texas Gov. Rick Perry speaks at GOP forum in Indianapolis. Republicans Mitt Romney and Rick Perry are neck and neck in filling their presidential campaign coffers after a summer of strong fundraising amid voter anger over jobs and the economy. They're pulling in big bucks, $30 million combined, though not nearly as big as the man they hope to replace in the White House. (AP Photo/Michael Conroy, File)

Herman Cain addresses the crowd in Bartlett, Tenn. on Friday, October 14, 2011. He explained his ideas about taxes, he said he loved his bible, his guns and that the people running the country are stupid. The GOP presidential candidate held a rally Friday morning at Freeman Park at Bartlett. (AP Photo/The Commercial Appeal, Karen Pulfer Focht) MAGS OUT; NO SALES; TV OUT; ONLINE OUT; MEMPHIS OUT

(AP) ? With one year left in the race for the White House, a handful of presidential candidates are planning to file key disclosure reports Saturday that will offer the first major picture into the financial health of all Republican campaigns.

The financial reports are expected to show how flush the GOP candidates are with cash ? or how nearly broke they are ? heading into the final weeks before contests in key primary states.

Two of the top Republican contenders, former Massachusetts Gov. Mitt Romney and Texas Gov. Rick Perry, have brought in more than $30 million combined. Meanwhile, candidates like Minnesota Rep. Michele Bachmann and businessman Herman Cain are expected to bring in less than that.

The new reports will reveal the campaigns' major donors, where money has been spent since July and if the candidate took out any loans to finance what is likely to become a costly presidential election.

Reports on two of the biggest money-raisers so far ? Romney and President Barack Obama ? reveal millions in contributions from party devotees and small-dollar donors alike.

At the same time, reports filed late Friday offered a mixed picture of the campaign field, with Obama raising more than $70 million between his campaign and the Democratic Party. Some candidates are saddled with debt, such as former Utah Gov. Jon Huntsman and former candidate Tim Pawlenty, who both owe hundreds of thousands of dollars.

Texas Rep. Ron Paul, a favorite of libertarians, collected $8.2 million and spent $7.5 million during the period. His campaign ended September with $3.6 million in the bank and no debt.

Former Pennsylvania Sen. Rick Santorum reported raising more than $700,000 during the quarter and spent nearly $750,000. His campaign had about $190,000 in the bank and about $70,000 in debt.

Perry, Bachman and Cain have until 11:59 p.m. EDT Saturday to file their first presidential campaign reports with the Federal Election Commission.

Cain's campaign said in a statement released late Friday that it had raised more than $2.8 million during the three months that ended Sept. 30 and had no debt.

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Associated Press writer Ken Thomas contributed to this report.

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Follow Jack Gillum at http://twitter.com/jackgillum

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2011-10-15-Campaign%20Money/id-8e1d095b98674bf6b45db63f199e4e15

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