Rubio continues to have the most debt. The accusations that he can't handle money is obviously true. Some like Carson have more than enough money on hand to pay of their debts so why don't they? Kudos to Fiorina, Kasich, Graham and Perry.
What presidential losers do with millions in unspent campaign cash WASHINGTON
There’s millions in campaign cash out there, sitting in limbo without a presidential campaign to call home.
It’s the money raised by candidates such as Sens. Bernie Sanders, a Vermont independent, and Ted Cruz, R-Texas, who did not win their party nominations, and left behind when they had to drop out.
So what happens to it? Can the candidate use it to buy a beach house? Give it to Hillary Clinton or Donald Trump? Or use it for another campaign themselves?
“My suspicion is that some of them are sitting on the money,” said Larry Noble, former chief counsel of the Federal Election Commission and general counsel for the Campaign Legal Center.
Any presidential loser with money left in the bank can use it for a future bid for office, donate it to a charity or political party, or contribute it to another candidate.
Cruz transferred nearly $3 million from his presidential campaign to his Senate campaign committee. Sanders used leftover money to send delegates to the Democratic National Convention in late July.
“They can also use it to wind down political operations,” said Viveca Novak, editorial and communications director at the Center for Responsive Politics.
Sanders has by far the most money in the bank of the defeated candidates – more than $6 million as of July 31. Despite conceding to Hillary Clinton early in the month, Sanders raised more than $1.1 million from July 1 to 31, FEC records show.
While Sanders can “go out and speak for other candidates” such as Clinton, Noble said, he cannot simply transfer his campaign war chest to the Democratic nominee’s account...
Financial state of ex-presidential hopefuls’ campaign committees (as of July 31):
Bernie Sanders Cash on hand: $6,108,450 Debt: $445,287
Ben Carson Cash on hand: $1,798,290 Debt: $211,883
Carly Fiorna Cash on hand: $833,299 Debt: $0
Ted Cruz Cash on hand: $612,437 Debt: $604,885
Scott Walker Cash on hand: $118,493 Debt: $672,556
John Kasich Cash on hand: $110,780 Debt: $0
Lindsey Graham Cash on hand: $45,363 Debt: $0
Marco Rubio Cash on hand: $28,847 Debt: $1,782,657
Rick Santorum Cash on hand: $12,169 Debt: $563,294
Mike Huckabee Cash on hand: $7,421 Debt: $ $18,954
Jeb Bush Cash on hand: $6,454 Debt: $250,000
Rand Paul Cash on hand: $2,515 Debt: $301,307
Rick Perry Cash on hand: $1,818 Debt: $0
Read more here:
http://www.miamiherald.com/latest-news/article101662497.html#storylink=cpy
