Former Vice President Mike Pence is facing financial challenges in his presidential campaign, with a reported $1.2 million cash on hand and over $600,000 in debt.
According to a report from Politico, the campaign’s financial report, released on Sunday, revealed that Pence raised $3.3 million in the third quarter, and personally contributed $150,000. This move is significant given Pence’s history of modest wealth compared to other politicians.
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The financial strain mirrors Pence’s struggle to gain traction in the GOP primary. It is unclear whether his campaign has accrued enough donors to qualify for the third debate in Miami on Nov. 8.
An anonymous Pence ally acknowledged the “brutal” fundraising quarter but said Pence intends to stay in the race. The ally also noted that the campaign’s debt will be challenging to repay and may require debt-retirement fundraisers.
In addition to these financial woes, Pence has been facing criticism from higher-polling GOP candidates, including former President Donald Trump, Florida Governor Ron DeSantis and biotech entrepreneur Vivek Ramaswamy. However, Pence remains optimistic about his campaign’s future.
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