(CNN) - Tim Pawlenty's presidential campaign is upping its ante.
Hours before the deadline for the campaigns to officially file their second quarter fundraising numbers with the Federal Election Commission, a source confirms to CNN that the former Minnesota governor will report bringing in $4.5 million over the past three months. That's about $300,000 more than the campaign reported on July 1, at the end of the second quarter.
The campaign will also report having $2 million cash on hand, with most of which is for use in the primaries and caucuses, and $600,000 for use in the general election, if he advances past the nominating process.
The $4.5 million haul would tie Pawlenty with Rep. Ron Paul of Texas, who's making his third bid for the White House, but would leave him far behind former Massachusetts Gov. Mitt Romney, who's making his second run for the nomination. Romney reported raising $18.25 million the past three months. Rep. Michele Bachmann of Minnesota is the last remaining major candidate who has not yet reported her figures.
Pawlenty is planning on spending a lot of time and money in neighboring Iowa, ahead of next month's crucial straw poll in Ames. A strong showing next February in Iowa's caucuses, which kick off the presidential caucus and primary season, is extremely important for Pawlenty's hopes of winning his party's presidential nomination.
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