Super bad news for Mike Pence’s hopes of becoming President
NBC News, the state of Pence’s finances could force him to pull out of the race sooner rather than later.Candidates had to submit their third-quarter financial information by the end of yesterday.
Pence’s campaign says he raised $3.3 million and has $1.2 million cash on hand, but also $620,000 in debt.Compared to other candidates, that doesn’t leave him a lot of money to campaign with.
Pence himself plowed $150,000 of his own money into his campaign.NBC notes, “Racking up debt, in particular, has long been a sign of presidential campaigns in trouble — and potentially on the verge of ending.” It compares to the position to that of then-Wisconsin Gov.
Scott Walker at the end of the third quarter in 2015. Walker had $1 million on hand, but $162,000 in debt. He dropped out of the race after his debts spiraled in the final quarter of 2015.How do Pence’s finances compare with other candidates?Donald Trump, the frontrunner, has traditionally always managed to raise a huge amount from small donations from his MAGA followers.
