The Republican presidential candidates are running low on campaign cash as expensive primaries in states like Maryland, New York and Pennsylvania loom, leaving them increasingly reliant on a small group of supporters funneling millions of dollars in unlimited contributions into “super PACs.” Mitt Romney raised $11.5 million in February but spent $12.4 million, according to reports filed with the Federal Election Commission on Tuesday. He began March with $7.3 million in cash, slightly less than in January. Rick Santorum raised more than $9 million in his best month yet, but spent $7.9 million; he ended with $2.6 million in cash, along with close to $1 million in debts, mostly associated with television and Internet advertising. Newt Gingrich raised $2.6 million, spent $2.9 million and had about $1.5 million in the bank, barely enough to keep his campaign going. He also began March with myriad debts totaling over $1.5 million for expenses like media placement, security services, salaries and airfare.
With no quick end to the nominating contest in sight and many major Republican donors sitting on the sidelines or putting their cash into the Republican National Committee instead of the party’s primary, super PACs are increasingly taking up the slack for the campaigns. And their ability to raise unlimited amounts of money makes them ever more critical to the candidates they support.
Restore Our Future, the super PAC supporting Mr. Romney, spent more than $12 million in February, most of it on advertisements attacking his rivals as he battled in seven primaries and caucuses that month, according to campaign filings released on Tuesday. That followed close to $14 million in spending on Mr. Romney’s behalf in January.