Republican Michele Bachmann has $3.6 million in the bank as her presidential campaign enters its next phase, provided that she draws down her Minnesota congressional fund entirely.
Bachmann filed dual reports to the Federal Election Commission on Friday because she was raising money as a congressional candidate before declaring her bid for president. Between fundraising and money transfers, Bachmann pulled in $4.2 million between April and June.
Bachmann moved $2 million from the congressional account to the presidential fund, leaving about $265,000 she can feed off later.
But Bachmann's presidential fund also lists debts of $364,000 to vendors who supply fundraising services or air charters.
Bachmann said she collected checks from 88,000 donors over the last few months.
Small donors are a hallmark of Bachmann's fundraising efforts, rather than contributors who give the maximum. Bachmann recently brought aboard staff to focus on the big-dollar donors.
Bachmann has been toward the front of the pack in polls of early states and nationally.