Former Vice President Mike Pence‘s campaign will report $620,000 in debt for the third quarter fundraising period on Sunday.
The campaign confirmed that Pence has $1.2 million in cash on hand, with Pence giving himself $150,000 to the campaign from his personal funds, according to multiple outlets. In the third quarter, Pence’s campaign will report having raised $3.3 million.
BIDEN CLOSED Q3 WITH MORE CASH ON HAND THAN ENTIRE GOP FIELD
Racking up debt in a campaign, as many candidates have done before him, could signal trouble for Pence’s presidential campaign. In 2015, then-Wisconsin Gov. Scott Walker’s campaign reported just under $1 million in the bank and $161,000 in debt at the end of the third quarter before he dropped out of the race, per NBC News.
Pence’s $1.2 million cash-on-hand could limit the former vice president’s ability to effectively campaign. At least $200,000 of that cash is not available for use in the primary season and only usable for the general election because it was raised by donors who had already given the maximum amount to the campaign, according to an NBC News analysis.
His campaign falls dramatically behind