Cain reports $2.5 million for presidential bid

AP News
Posted: Jul 02, 2011 4:44 PM
Cain reports $2.5 million for presidential bid

Businessman and former conservative talk show radio host Herman Cain has raised almost $2.5 million in the first weeks of his presidential bid and says he has no campaign debt.

Spokeswoman Ellen Carmichael says the total includes more than 27,000 nationwide online donations. Carmichael says Cain did put some of his own money in, but described it as "only a fraction" of the total and "modest seed money."

The latest fundraising quarter ended Thursday. The official deadline to file with the Federal Elections Commission is July 15.

Cain, who announced his candidacy in May, draws much of his support from tea party groups. He has steadily gained momentum with more mainstream conservatives and this week he finished third in The Des Moines Register's poll of Iowa caucus participants.