Washington (CNN)–Texas Rep. Ron Paul will report Friday evening that he raised more than $4.5 million in the second fundraising quarter and has more than $4 million in available cash for his Republican presidential bid.
Paul, who recently announced that he would not run for another two-year term in the House, has just over $1 million in his congressional campaign account. Federal law permits candidates to take money raised for a congressional campaign and transfer it to a presidential campaign account. Add the roughly $3 million cash on hand Paul has in his presidential account, and the Texas Republican has $4 million available for his White House bid at the midway point of 2011.
A senior campaign aide provided CNN with the data before it was filed with the Federal Election Commission. The aide noted that all of the money raised is for the primary, and he has no debt.
Paul has remained steady in early polling, ranking in the middle of the pack of a crowded primary field. The Texas Republican surprised skeptics in the 2008 presidential campaign when he made a late surge and posted impressive fundraising numbers in a losing bid for the GOP nomination.
Paul has developed a loyal following who support his belief that the U.S. should withdraw troops from Afghanistan and Iraq, as well and his conservative economic policies. Yet it is unclear whether Paul can appeal to a broad range of Republicans to win his party's nomination.