Ted Cruz super PACs are raising 'eye-popping' amounts of cash
AP
Bloomberg News first reported Cruz's "shock-and-awe fundraising" yield.
"Cruz's haul is eye-popping, one that instantly raises the stakes in the Republican fundraising contest," Bloomberg's Mark Halperin reported.
The four Austin based PACs, "Keep the Promise PAC," "Keep the Promise I," "Keep the Promise II," and "Keep the Promise III," were created on Tuesday when Cruz's longtime friend, Austin lawyer Dathan Voelter, filed paperwork with the FEC. Voelter has since said he expects to have $31 million in the bank by Friday.
Voelter announced the fundraising feat in a statement and described the donor database as "close, personal friends and strong supporters."
"Our goal is to guarantee Senator Cruz can compete against any candidate. Keep the Promise can provide the 'appropriate air cover' in the battle against Senator Cruz's opponents in the Washington establishment and on the political left," Voelter said.
The super PACs aren't required to disclose donor information with the FEC until July but a source familiar with the fundraising movement told National Review Online that each of the four PACs will have the patronage of one "particular donor or donor family."
Billionaire New York financier Robert Mercer and his family are involved in at least one of the "Keep the Promise" PACs, according to NRO.
Cruz announced his presidential campaign on March 23. His campaign raised $4 million in the first 8 days of the launch.
A spokeswoman for Cruz's campaign told Business Insider that, though the PACs are completely separate from campaign efforts, "We are thrilled by the report!"
"We are encouraged by the momentum and the millions of Americans who have shown their support for Ted's candidacy," she said.
Former Florida Gov. Jeb Bush, who is not an official presidential candidate, had been the widely expected to lead likely GOP contenders in fundraising. Multiple sources close to Bush did not respond to requests for comment about whether Cruz's reported haul exceeds Bush's current contributions.
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- 6 Coffee recipes you should try this summer
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market