Ron Paul to report $4 million in bank
July 15th, 2011
06:41 PM ET
10 years ago

Ron Paul to report $4 million in bank

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.

Filed under: 2012 • Fundraising • Ron Paul • Texas
soundoff (23 Responses)
  1. Atlasshrug

    The sheepies in this country are waiting for someone to be chosen for them. After the mainstream media and corporations decide who they will vote for ther sheepies will turn American idol on mute, vote for who they are told to and then go back to watching their TV!

    July 15, 2011 07:05 pm at 7:05 pm |
  2. Cody

    What little individual monies we have left at the grassroots level we will gladly donate for Freedom, Peace, Prosperity, and a return to a Constitutional America.
    Ron Paul is the ONLY candidate who will follow through with his campaign ideas, because they are strictly Constitutional.
    He has even said that they are not his ideas. He is only following what the Founders began. USA! RON PAUL 2012!

    July 15, 2011 07:23 pm at 7:23 pm |
  3. Steve

    When fascism turns in for the night it looks under the bed for Ron Paul
    Some claim Ron Paul supporters spam online polls, the truth is they just all have the same I.P. address because... Hey! LOOK kittens!
    If you're bitten by a Ron Paul supporter if you don't become one, you do become a carrier.
    In Braveheart, Mel Gibson was originally supposed to scream “RON PAUL!” however, it was changed to just “Freedom!” for legal reasons.

    July 15, 2011 07:30 pm at 7:30 pm |
  4. kevin

    wow.... this guy is a force to be reckonned with. I remember last election he pulled in a ton of money as well. I'm between him and Bachmann, but I think I'm gonna be voting for Paul in the primary. Bachmann just doesn't seem genuine, but if there's one thing that i know about Ron Paul, it's that he's consistent and genuine.

    July 15, 2011 07:35 pm at 7:35 pm |
  5. jeremiah

    Why is it unclear? Why is there not more news about Paul?

    July 15, 2011 07:38 pm at 7:38 pm |
  6. tajitj

    Once again, he practices what he preaches. With revelation Newt Gingrich is already one million in debt, it is kind of symbolic of who some of the politicians are with money. Paul is a penny pincher, no doubt about it.

    July 15, 2011 07:43 pm at 7:43 pm |
  7. NadePaulKuciGravMcKi

    a very thrifty man; just like '07-08

    July 15, 2011 08:02 pm at 8:02 pm |
  8. Cal Elson

    Of course Ron Paul has no debt in his campaign - it's how he would run the federal budget if he were elected President, too.

    July 15, 2011 08:21 pm at 8:21 pm |
  9. Brian

    NO DEBT... He runs his campaigns the same way he would run our country... GO RON GO!!!

    July 15, 2011 08:21 pm at 8:21 pm |
  10. GI Joe

    This country does NOT need that kind of austerity yet - what we need is a few loopholes closed and some deductions and subsidies done away with entirely.

    It my take awhile, but how many of you have spent 10 years running a credit card to max and then paid it off in one fell swoop? (I realize some rich people could, or inheritors of great wealth, but I'm talking about average U.S. workers – most of us).

    July 15, 2011 08:37 pm at 8:37 pm |
  11. Clwyd

    will he be able to remember which bank he put it in? Alzheimer's you know!

    July 15, 2011 09:07 pm at 9:07 pm |
  12. George Washington

    Mr. Ron Paul, if he won in 2012, could immediately and without having to go through Congress or get votes, start getting our Troops home! This would save thousands of American Soldiers lives and save hundreds of billions and eventually trillions of dollars almost immediately. Repair our infrastructures in the USA. Maintain and even shore up some of the entitlement programs that exist like Social Security, medicare, medicaid, etc.

    July 15, 2011 09:20 pm at 9:20 pm |
  13. Richard Schofield

    Ron Paul raises 4.5 million and Obama has over a hundred million raised. Money,money,money!!! I like how all the house and senate members speaking on CSPAN talk about the debt accumulated over the last ten years but the house passed a 649 billion dollar defense budget for the year!!!! WHAT!?! Do you see the hypocrits doing the dance while they sweat in their thousand dollar suits?

    July 15, 2011 09:38 pm at 9:38 pm |
  14. joe

    Yep keep telling the sheep Ron Paul can't win while you media types pump propagnada while the country goes down the tube!

    July 15, 2011 09:41 pm at 9:41 pm |
  15. Michael

    Wikipedia Ron Paul or look at his voting record on at . This man is one of the very few, very rare honest politicians in Washington. The man proposes fiscal solvency and a nation at peace with no foreign military occupation or bases. The man will divorce business from government - ending taxpayer support of industry - ending coercive monopolies that contribute nothing. Think about it.

    You owe it to yourself more than anyone else to do research this election season. Paul is a blue Republican in many ways.

    July 15, 2011 10:11 pm at 10:11 pm |
  16. NT

    Ron Paul Money Donation Day, where he will raise another 2 Million or more, July 19, RonPaul2012 . com Cannot wait to give my money to this man who seems to be the only one standing up to the "machine"

    July 15, 2011 11:21 pm at 11:21 pm |
  17. LouAz

    What is all this cash stuff ? I thought RP only deals in gold. Hypocrite !

    July 15, 2011 11:57 pm at 11:57 pm |
  18. bendodge

    Thanks for a very informative and civil article on Dr. Paul.

    I support him wholeheartedly, as he is the only candidate who has not jeopardized his integrity in one or many ways. The depression of 1920-21 was very short because President Harding mustered the willpower to slash the federal budget nearly in half and lowered taxes. Ron Paul has been preaching that same tune longer than I've been alive, and we need it now!

    July 16, 2011 12:30 am at 12:30 am |
  19. JB

    A true fiscal conservative American!! Sir, Ron Paul. why don't the tea baggers support this guy if they are real fiscal conservative republicans.

    July 16, 2011 02:07 am at 2:07 am |
  20. Ben

    Thank you Ron Paul for trying to make a change to America, even if it means people ridicule you for not following the status quo.

    The founders would be proud that people like you exist today. God bless.

    July 16, 2011 02:35 am at 2:35 am |
  21. erin elizabeth

    I can't believe there aren't a million comments here! This is awesome! Dr. Mercola (my better half who interviews Dr. Paul a lot) love him! :)))

    July 16, 2011 03:37 am at 3:37 am |
  22. diridi

    Is this dude a communist? Always says, no taxes.....flat taxes, all b.s.....

    July 16, 2011 07:52 am at 7:52 am |
  23. Tim M

    I'm a mainstream Republican – and I support Ron Paul!

    Record over rhetoric! Ron Paul 2012.

    July 16, 2011 08:29 am at 8:29 am |